Technical Analysis

Oil, Crude, trading

Positive trading regained control of the Canadian dollar’s movements yesterday after consolidating above the strong resistance at 1.3715, recording its highest level at 1.3754. On the technical side today, we are leaning towards positivity in our trading, relying on the regularity of work within the ascending price channel shown on …

japanese-yen

Oil, Crude, trading

As we expected during the previous technical report, US crude oil futures prices incurred significant losses within a negative outlook, touching the aforementioned downward correction targets at 83.70, recording its lowest level at $83.00 per barrel. Technically, the negative intersection of the simple moving averages, which continues to exert negative …

Gold prices reflected the expected upward trend during the previous technical report, in which we relied on trading stability above the strong support level of 1969 at the time of the report’s release. We explained that sneaking below 1969 postpones rising opportunities, leading gold towards 1958, posting its lowest level …

As we expected, the EUR/USD pair has traded positively since the beginning of the previous trading session within the bullish path, gradually rising to its highest level at 1.0694. Technically, the euro found strong resistance near the psychological barrier of 1.0700 during mid-trading, which forced it to trade negatively to …

Oil, Crude, trading

Oil, Crude, trading

Positive trades dominated the Canadian dollar’s movements yesterday. The currency was a few points away from the target it needed to achieve during the previous session, at 1.3745, and recorded its highest level at 1.3736. Technically, we are leaning towards negativity in our trading, relying on the beginning of pressure …