Tag Archives: technical

Strong negative trades dominated the Canadian dollar’s movements yesterday, nullifying the expected positive outlook during the previous analysis. As a result, we depended on trading stability above 12910, recording the lowest price at 1.2820. Technically, we find the simple moving averages are back to pressure the price from above, and …

Gold prices approached the bearish target published during the previous analysis at 1780, to settle for its lowest price at 1786, to find a support floor there around the mentioned level, which forced it to retest the 1823 resistance level, recording its highest level during the early trading of the …

The Canadian dollar retests the support published during the previous analysis at 1.2910, recording its lowest level at 1.2893 before returning to the bullish path. Technically and carefully looking at the 4-hour chart, we notice the rapid bullish bounce that occurred with the stability of trading above 1.2910 accompanied by …

Gold prices consolidated their losses against the US dollar within the expected bearish path, touching the required official station at 1800, recording its lowest level at the end of last week’s trading at 1799. On the technical side, today, we tend to the negativity in our trading, relying on the …

The Canadian dollar jumped, continuing to the upside within the expected bullish context, surpassing the first target that is required to be touched during the previous analysis at 1.3060, recording the highest at 1.3076. Technically, and with careful consideration of the 4-hour chart, we find the resistance level of 1.3060 …

Gold prices declined significantly at the end of the previous trading session, within the expected bearish path, touching the official target at 1810, recording its lowest level at 1810. Technically, and carefully considering the 4-hour chart, we notice that the price settled intraday below 1835, and most importantly below 1852, …

The Canadian dollar continues the expected bullish path, approaching a few points from the first target published in the previous analysis at 1.3060, recording the highest price of 1.3052 after building the 1.2960 support level. Technically, we tend to the positivity, relying on the pair’s continuation of obtaining positive momentum …

The minor bearish trend continues to dominate the movements of the yellow metal, as we expected, touching the official target station during the previous analysis at 1831, recording its lowest level at 1831. On the technical side, today, gold prices found a strong resistance level around 1866, which forced the …

The Canadian dollar achieved noticeable gains with the opening of the current trading sessions within the expected positive outlook, surpassing the second official target required to be touched during the previous technical report, 1.2980, recording its highest level at 1.3037 during the early trading of the current session. Technically, we …

Gold prices declined noticeably within the expected bearish path during the previous analysis, touching the official target at 1850, recording the lowest price of 1851. Technically, and by looking at the 240-chart, we find limited positive attempts witnessed by the intraday movements due to hitting the support barrier represented by …