The USD/CAD pair successfully achieved the first target outlined in our previous technical report at 1.3630, maintaining its anticipated downward trajectory. Technical Outlook – 4-Hour Timeframe: On the shorter timeframes, the simple moving averages have resumed their role as dynamic resistance, exerting consistent downward pressure on price action. This bearish …
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The GBP/USD pair maintained a modest upward bias during the previous session, reaching a daily peak of 1.3544. Technical Outlook – 4-Hour Timeframe: In the short term, price action is encountering a minor downward correction as the Relative Strength Index (RSI) moves into overbought territory. This technical cooling-off phase may …
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Gold (XAU/USD) prices traded sideways in a narrow range during the previous session, fluctuating between support at 4770 and resistance at 4830, indicating a wait-and-see approach before a clearer direction emerges. Technical Outlook – 4-Hour Timeframe: In the short term, prices experienced some corrective selling pressure as they entered overbought …
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The USD/CAD pair is currently trending slightly upward, holding above the 1.3675 support level. Technical Outlook – 4-Hour Timeframe: The simple moving averages on the shorter timeframes are attempting to push the price higher, while the Relative Strength Index (RSI) is trying to gain positive momentum, which could lead to …
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Negative trading saw the pound move against the US dollar after a positive session that saw it reach a high around the psychological barrier of 1.3600. Technical Outlook – 4-Hour Timeframe: The simple moving averages are forming a resistance level, putting downward pressure on the price due to a bearish …
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Gold prices (XAU/USD) achieved strong gains at the end of last week’s trading, in line with previous positive expectations. These expectations indicated that breaking the resistance level of 4800 could push prices towards 4870, which was indeed achieved with a high of 4891. Technical Outlook – 4-Hour Timeframe: In the …
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The USD/CAD pair achieved the downward targets outlined in the previous technical report, reaching the official target of 1.3710 and hitting a low of 1.3679. Technical Outlook – 4-Hour Timeframe: The simple moving averages are exerting downward pressure on the price, along with the consistent trading within a descending corrective …
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The British pound came under negative pressure against the US dollar as it approached the psychological resistance level of 1.3600, forcing it into a downward trend. Technical Outlook – 4-Hour Timeframe: Despite the downward bias, the simple moving averages are still supporting the price from above. Additionally, positive signals are …
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Gold (XAU/USD) saw mixed trading during the previous session, with the price facing some selling pressure due to the strong resistance level of 4800, which continues to represent a key obstacle to further upward movement. Technical Outlook – 4-Hour Timeframe: The price successfully recovered above the 50-day simple moving average, …
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USD/CAD Technical Analysis The USD/CAD pair has remained under downward pressure, advancing toward the initial target outlined in our previous technical report of 1.3750, with a session low of 1.3731. Technical Outlook – 4-Hour Timeframe: The simple moving averages continue to exert downward pressure on price action, while the pair …
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