Tag Archives: analysis

As expected, the Canadian dollar achieved noticeable gains within the positive technical outlook, touching the awaited target at 1.3030, recording its highest level at the beginning of the first trading sessions this week at 1.3070. Technically, and with careful consideration on the 4-hour chart, we find the pair confirmed the …

Oil, Crude, trading

US crude oil futures prices managed to retest the target mentioned in the previous analysis, surpassing the required target at 91.80, recording its lowest level at 91.10. Technically, prices returned to the bullish rebound once again, building on support level of 92.00 and supported by the positive motive coming from …

We adhered to intraday neutrality during the last report due to the conflicting technical signals, clarifying and warning that gold prices would break $1747 support level, targeting $1732, so that gold began the first trading sessions of this week to incur significant losses, recording the lowest $1723 during the morning …

Mixed trading dominated the movements of the euro against the US dollar at the end of trading last week, under the influence of the speech of the Federal Reserve Chairman at the Jackson Hole Forum. Technically, the euro hit the pivotal resistance level published during the previous report, located at …

Oil, Crude, trading

The Canadian dollar provided mixed trading yesterday, approaching a few points from the target published during the previous analysis at 1.2880, recording its lowest price at 1.2895. Technically, we find that the pair returned to the bullish rebound, benefiting from the pivot on the solid support floor of 1.2880. We …

Oil, Crude, trading

Mixed trading dominated the US crude oil futures prices during the previous trading session to maintain positive stability, recording a high of $95.72 per barrel. Technically, we notice the negative signs coming from the stochastic that support a bearish bias in the upcoming hours, in addition to the decline of …

We remained neutral and preferred to monitor the price behaviour for the second session in a row due to the conflicting technical signals, explaining that the confirmation of the bullish corrective bias that occurred yesterday depends on the consolidation above 1758, targeting 1761 and 1767 respectively, to record gold at …