In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …
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Oil, Crude, trading
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In line with our expectations, the futures contracts for American crude oil experienced a downward trajectory, successfully reaching the initial target of $72.60 and hitting the designated station at $72.15. The lowest point was recorded at $72.00 per barrel. A meticulous examination of the 4-hour chart reveals that the price …
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In the aftermath of our previous technical report, the EUR/USD pair continued its anticipated descent, achieving the initial target at 1.0800 and hovering just a few points above the second target at 1.0760. The pair marked its lowest point at 1.0778, confirming the validity of the downward trajectory. As we …
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Oil, Crude, trading
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Oil, Crude, trading
Read More »CAD trying to rise 5/12/2023
The Canadian dollar found a good support floor around the 1.3500 level, which succeeded in reducing the bearish tendency, and the current movements of the pair witness attempts to recover and hover near its highest level around 1.3560. From the point of view of technical analysis today, we are leaning …
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