Tag Archives: technical

U.S. crude oil futures have staged a strong rebound, aligning with the anticipated positive outlook from the latest technical analysis. A breakout above $67.20 acted as a catalyst, driving prices higher to a peak of $68.45 per barrel. From a technical perspective, the outlook remains cautious with a slight bearish …

Gold prices continue their record-breaking rally, surpassing the previous peak and setting a new all-time high near $3,038 per ounce, exceeding the projected target of $3,020. From a technical perspective, the 4-hour chart shows that gold remains well-supported by the simple moving averages, which continue to reinforce the upward trend. …

The USD/CAD pair has been under bearish pressure after encountering strong resistance near 1.4485, leading to a downward bias. A close examination of the 4-hour chart reveals emerging negative signals on the Stochastic indicator, along with price stability below 1.4470, reinforcing the possibility of a bearish continuation. If the bearish …

After several consecutive sessions of decline, U.S. crude oil futures have staged a bullish rebound, attempting to hold above the psychological barrier of 67.00. Technical Analysis On the 4-hour chart, we maintain a cautiously positive outlook, supported by the Relative Strength Index (RSI) attempting to gain upward momentum and the …

We previously maintained a neutral stance, emphasizing the need to monitor price behavior around the 2930 resistance level. A confirmed breakout above this level was expected to pave the way for a return to 2940, which was successfully achieved, marking a record high of $2940 per ounce. Technical Analysis On …

The bullish trend has regained control of the Canadian dollar, halting the bearish corrective move noted in our previous report after establishing support near 1.4350. On the 4‑hour chart, the pair has moved above its simple moving averages, and the 14‑day momentum indicator is now showing positive signals. With these …

US crude oil futures continue their downward trend, reaching the official target of 65.75 from our previous report and recording a low of $65.80 at the time of writing. On the technical side, prices remain below the simple moving averages that support the daily downtrend, and the break of the …

During yesterday’s European session, gold traded sideways, confined by the psychological support at 2900 and a pivotal resistance at 2930. On the 4‑hour chart, gold began to test the support floor at 2900 during the previous American session, recording a low of $2880 per ounce. Simple moving averages are now …

The Canadian dollar continues its gradual upward movement, following the expected bullish path from Negative pressure dominated the Canadian dollar’s movement during the previous session. The recent price action—marked by a low of 1.4240—suggests that a break below the support level of 1.4410 could trigger further downside, with a target …

US crude oil futures fell significantly, surpassing the target of 66.20 mentioned in our previous report, and reached a low of $65.62 per barrel. Technical Outlook Bearish Indicators: Prices continue to trade below the simple moving averages, reinforcing the daily downward trend. The break of the 68.20 support level—which has …