Tag Archives: technical

The technical outlook remains unchanged for the USD/CAD pair, with price movements still dominated by a bearish trend after encountering strong resistance near the psychological level of 1.3600. From today’s technical analysis perspective, the 4-hour chart shows that the simple moving averages continue to apply downward pressure from above. Additionally, …

U.S. crude oil futures experienced notable fluctuations during yesterday’s trading session, primarily due to profit-taking following the sharp rally that began late last week. From a technical perspective, oil prices are attempting to establish a solid support base around the psychological level of $69.00 in order to resume the upward …

Gold experienced a downward trend during yesterday’s session, moving within a weak and somewhat indecisive pattern that deviated from the anticipated bullish outlook. Despite this, the price remained above the key support level of $3,390, recording a session low at $3,373 per ounce. From a technical standpoint, today’s outlook remains …

Limited bullish attempts have emerged in the short term, attempting to stabilize the USD/CAD pair after the 1.3570 support level temporarily halted the prevailing downtrend. From a technical standpoint, the 4-hour chart reveals persistent bearish pressure, with the simple moving averages capping gains from above. Additionally, the Relative Strength Index …

US crude oil futures posted their largest gains since March 2022, surging to a high of $77.57 per barrel as geopolitical tensions escalated, fueling fears of supply disruptions and boosting safe-haven flows into commodities. From a technical standpoint, despite the profit-taking-driven intraday pullback, the overall trend remains decisively bullish. Overbought …

Gold prices surged significantly, propelled by intensifying geopolitical tensions, surpassing the official target of $3,416 mentioned in the previous technical report and reaching a new all-time high of $3,451 per ounce. Technically, while the Relative Strength Index (RSI) indicates overbought conditions, which could suggest a temporary slowdown, the broader trend …

The Canadian dollar continued its decline against the U.S. dollar within the expected bearish trend, reaching the first target of 1.3650 outlined in the previous technical report, with the pair recording a session low of 1.3648. From a technical standpoint, the 4-hour chart confirms the persistence of downside pressure. The …

U.S. crude oil futures posted sharp gains in the previous session, reaching the official target of $66.85 and extending to a session high of $68.98 per barrel. From a technical standpoint, intraday price action showed signs of bearish pressure, largely attributed to profit-taking after the strong rally. This coincides with …

Gold prices exhibited mixed behavior during recent sessions, initially continuing the expected corrective decline and approaching the first downside target of $3,312, as highlighted in the previous technical report. The metal recorded a low of $3,315 before reversing course, driven by a sharp rebound following the release of U.S. inflation …

The technical outlook remains unchanged, with no significant shift in the pair’s behavior. The prevailing downtrend continues to dominate, reflecting persistent bearish sentiment. A closer look at the 4-hour chart shows that the simple moving averages continue to apply downward pressure on price action. This is reinforced by the Relative …