Tag Archives: analysis

Oil, Crude, trading

The Canadian dollar (CAD) witnessed positive trading in the previous session, but its upward momentum was curtailed by the pivotal resistance level of 1.3690. Technical indicators now suggest a potential shift towards a bearish trend. The Stochastic oscillator on the 240-minute timeframe is showing signs of waning upward momentum, indicating …

japanese-yen

Oil, Crude, trading

The technical landscape for gold remains largely unchanged, with the precious metal holding above the 2318 support level but facing resistance from the 50-day simple moving average. Despite yesterday’s upward movement, the 50-day simple moving average continues to exert downward pressure on the price. Additionally, the Stochastic oscillator is showing …

The EUR/USD pair experienced a downturn in the previous trading session, failing to maintain its position above the key psychological resistance level of 1.0900. However, technical indicators suggest a potential rebound in the upcoming sessions. On the 4-hour chart, the simple moving averages are still providing support for the upward …

Oil, Crude, trading

The Canadian dollar experienced a subdued trading session yesterday, characterized by narrow fluctuations within a broader bearish trend. The currency pair reached a low of 1.3603 against the US dollar. Technical analysis suggests a continuation of this downward momentum. The Stochastic oscillator on the 240-minute timeframe is showing signs of …

japanese-yen

Oil, Crude, trading