Daily Technical Analysis

The Canadian dollar (CAD) experienced a significant surge at the end of last week, breaking through the 1.3720 resistance level and reaching an intraday high of 1.3773. The current technical outlook suggests a continuation of the bullish trend. Positive signals from the simple moving averages and the 14-day momentum indicator …

japanese-yen

Oil, Crude, trading

WTI crude oil futures experienced mixed trading, attempting to bounce back from recent lows by utilizing the 75.25 support level. Currently trading at $75.75 per barrel, the commodity faces a bearish outlook due to several technical factors. The 50-day simple moving average continues to act as a strong resistance barrier, …

Gold prices experienced a sharp decline, surrendering recent gains due to a strengthening U.S. dollar following the release of strong U.S. jobs data last Friday. The precious metal, which previously struggled to break above the 2360 resistance level, has now fallen below the crucial 2318 support, reaching a low of …

The EUR/USD pair experienced a significant drop at the end of last week, opening this week with a downward price gap due to a strengthening U.S. dollar. The pair is currently trading around 1.0757, its lowest level in early trading today. Technical analysis on the 4-hour chart reveals a bearish …

Oil, Crude, trading

The Canadian dollar (CAD) witnessed positive trading in the previous session, but its upward momentum was curtailed by the pivotal resistance level of 1.3690. Technical indicators now suggest a potential shift towards a bearish trend. The Stochastic oscillator on the 240-minute timeframe is showing signs of waning upward momentum, indicating …

japanese-yen

Oil, Crude, trading