Tag Archives: technical

As anticipated, the downtrend continues to dominate USD/CAD, following the pair’s failure to maintain stability above the psychological resistance at 1.3900. This rejection has led to renewed selling pressure and a shift to negative intraday momentum. From a technical perspective, the 4-hour chart reveals that 1.3900 remains a key resistance …

U.S. crude oil futures posted significant losses in line with the previously outlined bearish scenario, reaching the first official downside target at $60.45 and recording a session low of $60.27 per barrel. From a technical standpoint, oil prices are currently trading below the 50-day simple moving average, which is acting …

The key support level at $3,260, highlighted in the previous report, successfully limited the downside in gold prices during the prior session. Early European trading today has opened with a stable advance above the psychological $3,300 level, reinforcing the bullish structure. From a technical perspective, the uptrend remains intact. The …

The Canadian dollar came under renewed pressure in recent intraday trading after encountering strong psychological resistance at 1.3900, which triggered a downside reaction and negative momentum. On the 4-hour chart, the rejection from 1.3900 has been reinforced by the simple moving averages, which continue to act as dynamic resistance levels. …

U.S. crude oil futures experienced mixed trading in the previous session after testing the psychological resistance level at $64.00, which effectively halted the upward momentum and capped further gains. Technically, oil is now stabilizing around $61.60. A closer look at the 4-hour chart reveals that the price has broken below …

Gold prices have surged in recent intraday trading, breaking decisively above the key $3,270 resistance level and reaching a new high of $3,345. From a technical analysis perspective, the bullish trend remains firmly in place. The Relative Strength Index (RSI) continues to gain upward momentum, holding above the 50 midline, …

The Canadian dollar has resumed an upward corrective trend after establishing a solid support base The Canadian dollar met its initial upside target at 1.4000, with the pair registering a session high of 1.4004 during the previous trading session. From a technical perspective, the 1.4000 psychological resistance level has exerted …

U.S. crude oil futures aligned with the expected upward movement in the previous session, as the price held above the pivotal $61.20 support level. Although the market briefly dipped to $60.11, triggering a pullback that offset earlier long positions, the broader technical structure remains constructive. On the 4-hour chart, the …

Gold prices declined sharply in the previous session, pressured by profit-taking after strong gains earlier in the year. The market reached key downside targets outlined in the previous report, with prices falling Gold prices saw mixed trading in the previous session, briefly approaching the first downside target at $3,112 before …

The Canadian dollar has resumed an upward corrective trend after establishing a solid support base around the psychological level of 1.3900. From a technical standpoint, the 4-hour chart indicates that bullish momentum is gaining traction. The pair is now supported by upward-sloping simple moving averages, which are once again acting …