Tag Archives: technical

The German DAX was able to touch the required levels mentioned in the previous analysis at 12030, posting a low of 11980. Technically, the price was consolidating below the previously broken support level turned into resistance at 12180, in addition to the continuous pressure from the 50-day moving average. This …

The Dow Jones Industrial Average declined significantly, and we indicated in the previous analysis that trading below 27500 will negate any intraday attempts to rise and push the index towards the downside towards 27265, posting a low at 27175. Technically, we see a consolidation below the support-into-resistance at 27460 with …

The support levels published in the previous analysis at 1.31 capped the bearish tendency, so that the pair managed in retesting the first target. Technically speaking, the current moves are witnessing a bullish slope with the positivity from Stochastic and the RSI indicator stable above the mid-line for short time …

We committed to the intraday neutrality during the previous analysis and that we are waiting for a sign of directional confirmation, indicating that the stability of trading above 1.3050 leads the pair to re-test 1.3080, posting high at 1.3080. On the technical side, by looking at the 4-hour chart, we …

The yellow metal traded in a confined range, stable above 1901 and below 1912 over several sessions. On the technical side, and looking at 240-minute charts, we see negative signs appearing on the stochastic indicator, with the MA-50 attempting to press the price from the top. Although we tend to …

The German DAX was trading on negative side, reaching its lowest price during the previous session at 12077. Technically speaking, looking at the 60-minute chart, we find that the simple moving averages continue to pressure the price, with consolidation below the broken support-into-resistance 12400. The bearish scenario will remain intact, …

The Dow Jones Industrial Average declined significantly yesterday after facing a strong resistance level near 28050. Technically, the current moves in the index are trying to replicate the chances of a rally in short time intervals. We see RSI above the midline, in addition to the intraday trading above 27610 …

Positive trading dominated the Canadian yesterday, targeting a re-test of 1.3220 resistance, posting a high of 1.3225. Technically, and looking at the chart, we see that there are some negative signs on the stochastic, in conjunction with the RSI indicator losing its bullish momentum over the short time periods. From …

The pound tilted negatively against the US dollar, to record its lowest level near the psychological barrier of 1.3000. From a technical point of view, looking at the 4-hour chart, we find the stochastic began to provide signs of a positive crossover with the stability trading above 1.3000 support. On …

Gold prices managed to touch the target during the previous trading session within the scenario of re-testing the required level, visiting 1901, posting a low of 1894. Technically, looking at the 4-hour chart, we find conflicting technical signals, ranging from the negativity of the simple moving averages that continue to …