Tag Archives: technical

The intraday movements of the German DAX index are witnessing a slight bullish tendency after a series of drops. Technically, the index is trying to settle above the support floor at 11440, and the RSI indicator strengthens the possibility that we will witness a slight bullish bias over short periods …

Negative trading dominated the moves of the Dow Jones Industrial Average within the expected bearish path in the previous analysis, touching the required target at 26360, posting a low at 25950. Technically, we expect a bearish bias today, with trading consolidating below 26650, in addition to the RSI stabilizing below …

The Canadian dollar was trading in a positive range after it succeeded in confirming the breach of the 1.3330 resistance level, to consolidate its gains near the psychological barrier of 1.3400. Technically, we believe that the continuation of the rally is intact, given the positive stimulus from the 50-day moving …

The British Pound was able to reach the required downside target mentioned in the previous analysis at 1.2920, recording a low of 1.2880. Technically, we are biased towards the negative side, given the pair’s success in confirming the breach of the support level of 1.2970, which is now turned into …

Gold prices witnessed a noticeable decline during the previous session’s trading towards the first official target for the downside wave, as we expected at 1860. Technically, the daily trend is still bearish, given the consolidation of intraday trading below the previous broken support 1882, with the continued negative pressure of …

The German DAX index witnessed huge losses, exceeding the required targets during the previous analysis located at 11790/11800, to hit a low of 11440. Technically, the daily trend is still bearish, but by looking closely at the 60-minute chart, we see that the positive signs have begun to appear on …

The Dow Jones Industrial Average witnessed strong losses within the bearish trend that we expected, touching the third target published in the previous analysis at 26850, posting a low at 26388. Technically, we tend to be negative, given the negative pressure coming from the simple moving averages, in addition consolidating …

The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335. Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas. We think …

The sterling reversed the expected bullish path in the previous analysis, in which we relied on the pair’s attempts to consolidate above 1.3000, we made it clear that trading below the psychological barrier of 1.3000 will stop any attempts to rise and put the price under new negative pressure, its …

The yellow metal remained negatively trading in the previous trading session within the expected bearish path, touching the bearish targets published in the previous analysis at 1885, recording a low at 1869. Technically, gold has succeeded in confirming a break of the pivotal support turned into resistance at 1901, Fibonacci …