Tag Archives: technical

Mixed trading dominated the movements of the Canadian dollar after the consumer price index data, to trade negatively again to around 1.2930 resistance for the second consecutive session, unable to penetrate it. Technically, and by looking at the 4-hour chart, we notice the stability of trading again below the 1.2870 …

American crude oil achieved the first official target within the expected bearish path at the price of 86.40, recording as low as $85.75 per barrel. Technically, the daily trend is still bearish, with the continuation of the negative pressure of the simple moving averages, in addition to the price stability …

Negativity dominated the gold price movements after it failed to maintain its positive stability above the strong gold level at 1779, recording its lowest level at 1771. Technically, by looking at the 4-hour chart, we find a conflict in the technical signals. We found the simple moving averages pressing the …

US crude oil futures price movements witnessed a noticeable decline by more than 4.0%, recording its lowest level during the previous session’s trading of 86.85. Technically, we find that the intraday movements of oil are trying to recover with the momentum indicator getting some positive signs. Still, the 50-day simple …

The Canadian dollar achieved noticeable gains at the beginning of this week’s trading, building on the strong support floor at 1.2760. The pair successfully confirmed the breach of the 1.2860 resistance level, recording yesterday’s highest at 1.2934. Technically, we find the 50-day simple moving average that continues carrying the price …

Negative pressure was experienced by the yellow metal prices at the beginning of this week’s trading, after it recorded its highest level during last week’s trading at around $1800 per ounce, to find a strong selling area that forced it to trade negatively. On the technical side, gold is now …

The Canadian dollar succeeded in achieving the negative outlook as we expected during the previous analysis, touching the first target to be touched at 1.2720, recording the lowest level at 1.2725. Technically, and with the pair’s success in breaking the support line as shown on the 4-hour chart, the pair’s …

The technical outlook is unchanged, and there was no change in the gold’s movements, maintaining positive stability within the gradual bullish slope, recording its highest level around the psychological barrier of $1800 per ounce. Technically, and carefully looking at the 4-hour chart, we notice the price stability above the 50-day …

The Canadian dollar declined significantly to start moving within the official descending path after it failed to stabilize for a long time above the resistance level of 1.2880. We mentioned during the previous report that the pair’s failure to maintain trading above 1.2850 renewed the chances of falling to visit …

Gold prices achieved the bullish target posted during the previous analysis, at 1808, recording its highest price of 1808 after the US inflation data. Technically, and by carefully looking at the 4-hour chart, we notice the price stability above the 50-day simple moving average. In addition, we see the precious …