Technical Analysis

Oil, Crude, trading

As anticipated in our previous technical report, the Canadian dollar successfully reached its upward target at 1.3880, marking its peak at this level. From a technical perspective, a positive outlook persists, supported by the 50-day simple moving average and stable intraday trading above the 1.3815 support level. As long as …

japanese-yen

Oil, Crude, trading

In the latest analysis, US crude oil futures achieved the anticipated retest, reaching the target of $85.65 and even surpassing expectations at $85.85 per barrel. Examining the technical indicators, the 50-day simple moving average continues to exert pressure from above, while intraday trading remains below the extended resistance levels of …

In a thrilling turn, gold prices experienced a remarkable surge in last Friday’s trading session, far surpassing market expectations and reaching a pinnacle of success. The bullish trend, as anticipated in the previous technical report, not only met but exceeded its second official target of $2002, soaring to an impressive …

At the conclusion of last week’s trading, the EUR/USD pair exhibited a mixed performance, characterized by limited positive attempts. Notably, the pair struggled to breach the psychological barrier resistance level of 1.0600, remaining stable below it and reaching its highest point at 1.0597. A closer technical analysis on the 4-hour …

Oil, Crude, trading

Oil, Crude, trading

Positive trading continued to control the movements of the Canadian dollar during the previous trading session, heading to visit the first official target to be achieved yesterday at the price of 1.3845, recording its highest level of 1.3845. Technically, we are leaning towards positivity, relying on trading stability above the …