Gold prices found strong support, as we mentioned during the previous analysis at 1700, explaining that consolidation above 1700 supports the continuation of the positive scenario to return to the bullish rebound, recording a high of $1724 per ounce. Technically, looking at the chart, we find stochastic motivating the price …
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Trades tended to the negative during the previous trading session to return the pair to the bullish rebound due to stability above the previously published support floor at 0.9850. On the technical side, today, we are inclined to the positivity, relying on the instability of trading above 0.9850, which is …
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Oil, Crude, trading
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The Canadian dollar declined noticeably within the expected negative outlook during the previous technical report, touching the official target station at the price of 1.3510, recording its lowest level at 1.3505. Technically, by looking at the 4-hour chart, we find the simple moving averages continuing their negative pressure on the …
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Oil, Crude, trading
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US crude oil futures prices jumped, achieving noticeable gains as expected, exceeding the official target required to be achieved at 86.30 to record the highest level of $86.95 per barrel. Technically and carefully looking at the 240-minute chart, we find that the 50-day simple moving average continues to hold the …
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Gold prices achieved strong gains within the upward trend during the previous trading session, as we expected, touching the official target station located at $1730 per ounce. Today’s technicals indicate the possibility of continuing the rise, with the positive motive coming from the 50-day simple moving average that supports the …
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The euro advanced during the last session’s trading against the US dollar, achieving noticeable gains within the expected technical outlook yesterday, touching the second required official target at 0.9940, recording its highest level around the parity point 1.0000. Technically, we tend in our trading to the positive, relying on the …
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Oil, Crude, trading
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The Canadian dollar reversed the expected bullish trend yesterday, in which we relied on the stability of trading above the support level of the psychological barrier 1.3700, and as a reminder that the stability of trading below 1.3700 can thwart the proposed scenario and put the pair under strong negative …
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