Tag Archives: analysis

Positive momentum continued to drive the movements of the Canadian dollar, aligning with the anticipated upward trajectory outlined in the previous technical report. The currency successfully reached the official targets at 1.3750 and 1.3790, achieving its peak during the morning trading session at 1.3783. Today’s technical analysis leans towards positivity, …

Oil, Crude, trading

The downward trend persisted in US crude oil futures contracts, as anticipated, surpassing yesterday’s official target of $81.50 and hitting a low of $80.97 per barrel. Technically, on the 4-hour chart, the simple moving averages continue to exert downward pressure on the price, accompanied by negative signals from the relative …

Gold prices experienced significant losses during yesterday’s trading session, in line with our previous technical analysis, reaching the official targets set at $2290 per ounce. The lowest point was recorded at $2281 per ounce during early trading. Today’s technical outlook suggests a potential continuation of the downward correction, with trading …

The euro continues its downward trajectory against the US dollar as anticipated in the previous technical report. Trading remains below the critical resistance level of 1.0715, with the currency pair approaching the initial target of 1.0660. During today’s Asian trading session, the euro touched its lowest level at 1.0654. Analyzing …

Oil, Crude, trading

The Canadian dollar experienced an upward trend, finding support at 1.3630, which facilitated a rebound, with the pair currently stabilizing near its morning peak around 1.3680. Today’s technical analysis suggests a positive outlook, buoyed by the supportive influence of the 50-day simple moving average. This is further reinforced by favorable …

japanese-yen

Oil, Crude, trading

US crude oil futures prices experienced downward pressure at the beginning of the trading week, encountering resistance near the psychological threshold of $84.00. From a technical perspective, a bearish outlook emerges, driven by the resurgence of simple moving averages exerting downward pressure, coupled with the price’s positioning below key sub-resistance …