Daily Technical Analysis

Yesterday, the Canadian dollar was dominated by negative trading after it failed to sustain positive stability above the support level of 1.3750, reaching its lowest point around the robust support of 1.3680. Today’s technical analysis reveals that the simple moving average continues to exert negative pressure on the price from …

japanese-yen

Oil, Crude, trading

The US crude oil futures contracts have been dominated by positive trading, aligning with our bullish forecast. They have touched the initial target price of $79.20, and are now heading towards the next official mark of $79.60. The contracts recorded their peak at $79.72 per barrel. From a technical perspective, …

Gold prices have recently made significant strides, outperforming the US dollar, following a successful breach of the 1945 resistance level. This upward trend solidified as gold prices maintained stability above the 1954 mark. While this stability tempers the possibility of a downward shift, it doesn’t completely rule it out. We …

In the last trading session, the Euro enjoyed a surge against the US Dollar, capitalizing on the latter’s fall following inflation data. This defied the bearish scenario we had anticipated, based on trading stability free from the psychological resistance barrier of 1.0700 at the time of the report. It seems …

Oil, Crude, trading

Oil, Crude, trading

Positive trading prevailed in the movements of the Canadian Dollar pair as it followed the expected upward trajectory, reaching the official target stations at 1.3830 and 1.3860, with its highest level recorded at 1.3855. From a technical analysis perspective, the pair encountered resistance at the 1.3850 level, which curbed the …

japanese-yen