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 …
Read More »Gold touches goal 10/5/2022
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 …
Read More »CAD touches goals 9/5/2022
The Canadian dollar jumped within the expected ascending path, touching the official target in the report issued last Friday at 1.2900, recording its highest level of 1.2912. Technically, the pair continues to obtain positive stimulus from the simple moving averages that continue to hold the price from below, coinciding with …
Read More »Gold is still below resistance 9/5/2022
Gold prices succeeded in touching the official target mentioned in the last analysis at 1866, recording its lowest level at 1866, after the pivotal resistance level of 1890 managed to limit the attempts to rise. On the technical side, today, we tend to the negativity in our trading, relying on …
Read More »CAD Building on support and returns to recovery 6/5/2022
The Canadian dollar’s movements witnessed a bullish bounce during the previous trading session, clarifying the importance of the pivotal support floor located at 1.2710, which forced the pair to rally to the upside to visit 1.2860. From the angle of technical analysis today, and with careful consideration of the 4-hour …
Read More »Gold hits pivotal resistance barrier 6/5/2022
Gold prices managed to achieve the first target required to be touched during the previous analysis, at 1910, recording its highest level at 1910. To remind, we indicated during the report issued yesterday that the price behavior of gold should be monitored around 1910 due to its importance to the …
Read More »CAD is under selling pressure 5/5/2022
The Canadian dollar declined noticeably after several days of consecutive ascent after it succeeded in recording its highest levels around the psychological barrier of 1.2900. Technically, we find that the pair failed to stabilize for a long time above 1.2900 and failed to maintain the trading level above 1.2750. With …
Read More »Gold breaks through the resistance, may witness a recovery 5/5/2022
There was a noticeable rush in the yellow metal’s prices during the last session’s trading, trying to compensate for its previous losses, to witness the current movements of intraday stability above the resistance level of 1890. On the technical side today, and by looking at the 4-hour chart, we notice …
Read More »CAD may test the support before continuing to rise 29/4/2022
After several consecutive days of ascending, the Canadian dollar touched the target price mentioned in the last analysis, at 1.2870, recording the highest price of 1.2880, which forced the pair to achieve some decline due to touching the resistance level of 1.2870. Technically, by looking at the 4-hour chart, we …
Read More »Gold trying to recover 29/4/2022
The yellow metal prices declined within the expected bearish path we mentioned in the previous analysis, touching the first target at 1885 and approaching by a few points from the next stop 1866, recording a bottom at 1872. Technically, we notice that there are limited attempts to rise as a …
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