Tag Archives: technical

Gold prices experienced a significant boost in early trading this week, solidifying their position above the key psychological resistance level of $2400 per ounce. Previous technical analysis highlighted the potential for a direct recovery towards $2330 once prices held above $2295, a prediction validated by gold’s recent peak of $2358. …

The Canadian dollar experienced positive trades, achieving an upward rebound from the support level near the psychological barrier at 1.2600. A detailed examination of the 4-hour chart provides several insights: Stochastic Indicator: The Stochastic is working to eliminate current negative signals, indicating potential bullish momentum.Simple Moving Averages (SMA): Price stability …

US crude oil futures experienced a significant decline yesterday, aligning with the negative outlook projected in the previous technical report. The prices hit the target levels of $77.40 and $76.75, recording a low of $76.85 per barrel. The bearish trend remains the dominant scenario for today’s trading session, supported by …

Gold prices experienced significant losses yesterday, aligning with the downward corrective trend identified in the previous technical report. The price reached the forecasted target of $2375, recording its lowest level at $2366 per ounce. Examining the 4-hour time frame chart, several key technical indicators suggest the continuation of a downward …

Limited positive trading dominated the Canadian dollar’s movements during the previous session, failing to breach the 1.3675 resistance level and resulting in a negative bias. Technical Analysis Examining the 4-hour chart reveals the following: Stochastic Indicator: Continues to provide negative signals.50-Day Simple Moving Average: Trading stability below this level supports …

US crude oil futures experienced a downward trend in the previous session, encountering resistance at $79.60 per barrel, leading to significant declines and reaching a low of $77.67. Technical Analysis Our outlook remains bearish, based on the following technical factors: Resistance Levels: Intraday trading remains below the key psychological resistance …

In the previous trading session, gold prices exhibited a bearish tendency, stabilizing below the main resistance level at $2430 per ounce and reaching a low of $2406. Technical Analysis Examining the 4-hour chart reveals the following: Resistance Levels: Price remains stable below the $2430 resistance.Stochastic Indicator: Showing a gradual loss …

Positive momentum continued to drive the movements of the Canadian dollar, aligning with the anticipated upward trajectory outlined in the previous technical report. The currency successfully reached the official targets at 1.3750 and 1.3790, achieving its peak during the morning trading session at 1.3783. Today’s technical analysis leans towards positivity, …

The downward trend persisted in US crude oil futures contracts, as anticipated, surpassing yesterday’s official target of $81.50 and hitting a low of $80.97 per barrel. Technically, on the 4-hour chart, the simple moving averages continue to exert downward pressure on the price, accompanied by negative signals from the relative …

Gold prices experienced significant losses during yesterday’s trading session, in line with our previous technical analysis, reaching the official targets set at $2290 per ounce. The lowest point was recorded at $2281 per ounce during early trading. Today’s technical outlook suggests a potential continuation of the downward correction, with trading …