Technical Analysis

During the initial trading session of the week, the movements of the Canadian dollar were characterized by a limited upward trend, with the currency reaching its peak around the psychological resistance barrier of 1.3510. From a technical analysis perspective, we are inclined towards a negative outlook, primarily due to the …

japanese-yen

Oil, Crude, trading

Mixed trading characterized the movement of US crude oil futures contracts in the previous trading session, reflecting attempts to breach the key resistance level at 78.50. From a technical standpoint, intraday oil price movements indicate a temporary return to stability above 77.80, accompanied by the Relative Strength Index showing tentative …

Gold prices have sustained their impressive rally into the second consecutive week, reaching a pinnacle during the initial trading sessions of this week at $2,189 per ounce, marking a new record high. Today’s technical analysis, focusing on the 4-hour timeframe chart, reveals that the simple moving averages remain supportive of …

The EUR/USD pair has been exhibiting a relatively subdued trading pattern with a slight inclination towards positive movements, consistently testing the robust resistance level positioned at 1.0960, which it has yet to breach. Examining the technical landscape today, particularly on the 240-minute timeframe chart, it is evident that the simple …

The Canadian dollar pair encountered significant resistance at the psychological barrier level, failing to breach it and subsequently experiencing negative pressure, leading to a downward movement to retest 1.3500. Today’s technical analysis suggests a bearish outlook, with emphasis on the intraday stability below the 1.3570 resistance level. Additionally, negative indications …

japanese-yen

Oil, Crude, trading

During the previous trading session, US crude oil futures prices experienced significant gains as they breached the 78.50 level, advancing towards the upward target of 80.30, reaching a peak of $80.65 per barrel. Technically, we maintain a bullish stance, albeit cautiously, relying on the stability of oil prices above the …