Tag Archives: technical

In the previous trading session, the Canadian dollar experienced a limited upward trend, with movements pushing towards a retest of the psychological barrier resistance level of 1.3500, ultimately reaching its peak at 1.3525. From a technical analysis perspective, our outlook tends towards negativity. This is based on the emergence of …

In the previous technical report, we maintained an intraday neutral stance due to conflicting technical signals, coupled with trading confined within key trend boundaries. The lower boundary rested above 77.80, while the upper boundary lay below the extended resistance levels of 78.50-78.70. Technically, gold prices remained ensnared between these levels, …

In the previous trading session, negative sentiment dominated the price movements of gold following the release of US inflation data, which bolstered the dollar’s performance at the expense of gold’s attractiveness. Today’s technical analysis reveals that the 2184 resistance level is exerting downward pressure on the price, while a closer …

During the initial trading session of the week, the movements of the Canadian dollar were characterized by a limited upward trend, with the currency reaching its peak around the psychological resistance barrier of 1.3510. From a technical analysis perspective, we are inclined towards a negative outlook, primarily due to the …

Mixed trading characterized the movement of US crude oil futures contracts in the previous trading session, reflecting attempts to breach the key resistance level at 78.50. From a technical standpoint, intraday oil price movements indicate a temporary return to stability above 77.80, accompanied by the Relative Strength Index showing tentative …

Gold prices have sustained their impressive rally into the second consecutive week, reaching a pinnacle during the initial trading sessions of this week at $2,189 per ounce, marking a new record high. Today’s technical analysis, focusing on the 4-hour timeframe chart, reveals that the simple moving averages remain supportive of …

The Canadian dollar pair encountered significant resistance at the psychological barrier level, failing to breach it and subsequently experiencing negative pressure, leading to a downward movement to retest 1.3500. Today’s technical analysis suggests a bearish outlook, with emphasis on the intraday stability below the 1.3570 resistance level. Additionally, negative indications …

During the previous trading session, US crude oil futures prices experienced significant gains as they breached the 78.50 level, advancing towards the upward target of 80.30, reaching a peak of $80.65 per barrel. Technically, we maintain a bullish stance, albeit cautiously, relying on the stability of oil prices above the …

Gold prices have continued their remarkable ascent, defying our earlier anticipation of a bearish trend. In our previous report, we emphasized the significance of trading below the historical resistance level of 2144. However, with the price surging beyond this historical peak, reaching $2161 per ounce at the opening of today’s …

Quiet positive trading characterized the movements of the Canadian dollar yesterday, aligning with the anticipated bullish trend and nearing the first target of 1.2610, reaching a peak of 1.2605. In terms of technical analysis today, we maintain a cautiously optimistic stance, contingent upon trading stability above the established support level …