The Canadian dollar pair commenced its weekly trading session on a bullish note, albeit with some limitations, following its successful retest of the robust support level at 1.3460. In terms of technical analysis today, we lean towards a positive outlook, supported by the pair’s stability in trading above the aforementioned …
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japanese-yen
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Oil, Crude, trading
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US crude oil futures prices faced significant downward pressure towards the end of last week’s trading, failing to maintain stability above the crucial psychological barrier at $78.00. This development negated the anticipated positive outlook. In the previous technical report, we highlighted that breaching the support level at $77.35 would nullify …
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Gold prices surged, buoyed by the support level highlighted in the previous technical report at the price of 2016. This support level played a pivotal role in driving prices upward, aligning with our positive outlook. The market witnessed the attainment of initial official targets, reaching as high as 2042.00. Analyzing …
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Trading in the EUR/USD pair saw a return below the pivotal resistance level of 1.0860, leading to negative movements with the pair currently stabilizing around 1.0820. From a technical perspective today, analysis of the 4-hour chart indicates that the 50-day simple moving average is exerting downward pressure, coupled with trading …
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Negative trading prevailed in the movements of the Canadian dollar during the previous trading session, aligning with the anticipated negative outlook. The pair touched the first target at 1.3465 and came close, within a few points, to reaching the second target at 1.3420, marking its lowest point at 1.3440. From …
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japanese-yen
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Oil, Crude, trading
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The US crude oil futures contracts have continued their upward trajectory, in line with the bullish forecast outlined in the previous technical report, reaching the initial target at $78.60 and peaking at $78.88 per barrel. From a technical standpoint, the prevailing sentiment remains positive, supported by the ongoing influence of …
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