The USD/CAD pair is experiencing a downward trend, primarily due to the collision with the 1.3760 resistance level, which has capped recent gains and limited the upward momentum. Technical Outlook: Technical analysis suggests a prevailing bearish bias. This is supported by the negative crossover of the simple moving averages, which …
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WTI crude oil futures prices are on the rise, targeting the $80.00 per barrel threshold. Technical Outlook: Our analysis remains bullish, bolstered by the price finding support above the critical 79.65 level and the continued positive momentum provided by the simple moving averages. Upward Potential: The upward trend appears poised …
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Gold prices remain confined within a narrow sideways range, bounded by the 2313 support level and the 2340 resistance level. Technical Outlook: Analysis of the 240-minute chart reveals a bearish flag pattern formation, indicating a potential continuation of the downward trend. The 50-day simple moving average is exerting negative pressure, …
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The USD/CAD pair continues to exhibit a strong upward trend, bolstered by its firm footing above the crucial support level of 1.3690. Technical Outlook Our technical analysis suggests a continuation of the uptrend. The positive momentum derived from the simple moving averages, coupled with the Relative Strength Index’s (RSI) attempts …
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WTI crude oil futures prices experienced notable gains yesterday, reaching our previously identified target of 78.80 and peaking at $79.28 per barrel. Technical Outlook We maintain a cautiously bullish outlook, supported by the positive influence of the 50-day simple moving average and the price holding above the crucial 77.60 support …
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Gold prices experienced mixed trading in the previous session, influenced by the Federal Reserve’s interest rate decision. On the 4-hour chart, the key resistance level of 2340, as previously highlighted, successfully capped the upward movement. Gold’s inability to breach this level, combined with the persistent negative pressure from simple moving …
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The USD/CAD pair maintains its upward trajectory, holding firm above the key support level of 1.3690. This stability has propelled the pair to rebound upwards, reaching 1.3780. Technical analysis suggests a continuation of the uptrend. Positive momentum from the simple moving averages, coupled with the Stochastic oscillator’s attempts to gain …
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WTI crude oil prices rebounded during the previous session, finding support at the pivotal 75.25 level we highlighted in our prior report. A break below this level would have signaled a continuation of the downward trend. On the 240-minute chart, we now observe positive crossover signals from the simple moving …
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Gold’s price movement remains aligned with our previous technical assessment, continuing its downward corrective path, reaching a low of $2287.00 per ounce. On the 4-hour chart, we observe a clear break below the previously breached support level of 2318.00. This, coupled with negative pressure from the simple moving averages and …
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The Canadian dollar (CAD) experienced a significant surge at the end of last week, breaking through the 1.3720 resistance level and reaching an intraday high of 1.3773. The current technical outlook suggests a continuation of the bullish trend. Positive signals from the simple moving averages and the 14-day momentum indicator …
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