Positive momentum continued to drive the movements of the Canadian dollar, with the currency reaching its peak at 1.3565 after breaking through the psychological resistance level of 1.3500 and establishing stability above it. In terms of technical analysis today, we maintain a bullish outlook, supported by the currency’s ability to …
Read More »USD/JPY waiting for a stronger signal 22/3/2024
japanese-yen
Read More »GBP begins a downward correction 22/3/2024
Oil, Crude, trading
Read More »Oil may witness a temporary decline 22/3/2024
Mixed trading characterized the movement of US crude oil futures contracts, exhibiting both upward and downward movements and currently hovering near its lowest level at $80.45 per barrel. From a technical standpoint, we lean towards a bearish bias in our trading outlook, albeit cautiously. This is supported by the beginning …
Read More »Gold records historic peaks 22/3/2024
The price of gold experienced a positive trading session, reaching significant gains and continuing its upward trajectory to achieve new historical peaks, with a peak at $2222 per ounce. In terms of technical analysis today, observing the 240-minute timeframe chart, the upward movement halted after reaching $2222, and the price …
Read More »Euro needs a confirmation signal 22/3/2024
The Euro/Dollar pair experienced positive trading during the previous session, initially pushing against the 1.0940 resistance level before encountering resistance. However, the pair began today’s session with a bearish tone, failing to sustain trading above the psychological barrier of 1.0900 and currently trading around 1.0830. From a technical perspective, examining …
Read More »CAD is gradually rising 19/3/2024
The Canadian dollar’s movements during the previous trading session followed an upward trend, with the currency breaking through the resistance level at the psychological barrier of 1.3500 and reaching a peak of 1.3543. Today’s technical analysis suggests a positive outlook, with a preference for stability above 1.3500 and support from …
Read More »USD/JPY jumps higher 19/3/2024
japanese-yen
Read More »GBP continues to fall 19/3/2024
Oil, Crude, trading
Read More »Oil making notable gains 19/3/2024
Yesterday, US crude oil futures prices surged as anticipated in the previous technical report, reaching a peak at $82.46 per barrel. From a technical standpoint, our trading bias remains positive, supported by the consistent movement within the upward price channel. Additionally, the presence of the simple moving averages and the …
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