Tag Archives: technical

Gold prices continued to achieve gains for the fourth consecutive session, reaching the first target of the previous analysis at 1780, recording its highest level at 1780 during the early trading of the current session. Technically, by looking at the 4-hour chart, we notice the price stability above the 50-day …

The negative pressure returned to control the movements of the Canadian dollar after it found a strong resistance level at 1.2855, which forced it to trade negatively to retest 1.2790. Technically, taking a closer look at the 4-hour chart, we are inclined to the negativity based on stochastic losing the …

The yellow metal prices achieved good gains at the end of last week’s trading for the third consecutive session, after it succeeded in building on the support floor of 1755, recording its highest level of 1767, taking advantage of the weakness of the US currency. Technically, by looking at the …

The Canadian dollar jumped, achieving noticeable gains, building on consolidation above the 1.2950 resistance level, touching our awaited target at 1.2980, recording the highest level at 1.3086 during the previous trading session. Technically, the positive stimulus comes from the 50-day simple moving average and the pair’s pivot above the psychological …

Gold witnessed big losses yesterday, under pressure from the rise of the US dollar, achieving the bearish scenario published in the last analysis, explaining that breaking 1800 extends gold’s losses, targeting 1784, recording its lowest level at 1763. On the technical side today, the simple moving averages still exert negative …

Quiet positive trading dominated the movements of the Canadian dollar within a gradual ascent to the upside, achieving the condition for the rise referred to during the previous analysis: cohesion above 1.2900 to touch the required target of 1.2930. Technically, we find the simple moving averages trying to push the …

During all reports of this week, a bearish trend dominated gold prices within the expected bearish path, explaining that exit from that range depends on breaking 1820 and 1842, as activating selling positions requires breaking 1820 and targeting 1800. Technically, the simple moving averages are still pressing the price from …

The Canadian dollar benefited from the strong support floor published during the previous analysis, located at the price of 1.2840, which was the target to be touched, to force the pair to maintain the bullish path to retest the resistance of the psychological barrier of 1.2900. Technically, and by looking …

After several consecutive sessions in which we committed to neutrality due to the range that dominated the movements of gold during this week’s trading, activating the selling positions requires a clear and strong break of the 1820 level, targeting 1810, touching a target of 1811. On the technical side, today, …

Canadian Dollar witnessed Noticeable declines during the previous trading session within the expected bearish technical outlook, surpassing the first bearish target required to be touched at 1.2920, heading to visit the second target of 1.2885, recording its lowest level yesterday at 1.2855. Technically, we tend to the negativity, relying on …