Tag Archives: technical

In the latest trading session, US crude oil futures contracts notched a significant milestone by hitting the initial target set at $74.00, culminating in a peak of $74.24 per barrel. Technical Analysis: Moving Averages and Relative Strength Index Signal Positivity A technical analysis reveals that simple moving averages are exerting …

In the recent trading session, gold prices exhibited a pattern of short-term sideways movement with a bullish bias, aligning with previous technical analyses that highlighted the significance of surpassing the $2040 threshold. Notably, gold reached its pinnacle at $2044 per ounce, signaling upward momentum. Technical Insights: Balancing Negative Pressure with …

The Canadian dollar has validated the anticipated downward trajectory outlined in our previous technical analysis report, reaching the retest target of 1.3470 as forecasted, with a recorded low of 1.3474 during early morning trading. Technical Analysis: Bearish Bias Intact Assessing the technical landscape today, our analysis maintains a bearish stance, …

US Crude Oil Futures Surge, Meeting Expected Targets The anticipated upward trajectory in US crude oil futures contracts materialized as forecasted, with prices reaching and surpassing the initial target outlined in our previous technical analysis, touching $73.60 and soaring to a peak of $73.78 per barrel. Technical Analysis: Positive Signals …

Gold Prices Display Limited Upside Amidst Technical Pressures Gold prices exhibited modest upward movements during the preceding trading session, albeit with constrained momentum. In our previous analysis, we maintained a stance of intraday neutrality, awaiting either a breakout above the 2016 resistance or confirmation of a breakout below the 2035 …

Analysis of Currency Pair Dynamics and Technical Indicators The Canadian dollar (CAD) has demonstrated an upward trend in the early trading sessions of this week, marked by a decisive breach of the 1.3440 resistance level. This surge has nullified the bearish scenario previously anticipated and positioned the pair for further …

Analysis of Market Movements and Technical Indicators US crude oil futures contracts experienced mixed trading dynamics during the previous session, oscillating between upward and downward movements. The price fluctuated within a range, reaching its lowest point at $71.43 and concluding daily trading at approximately $72.74 per barrel. Market Dynamics Mixed …

Analysis of Market Movements and Technical Signals Gold prices faced downward pressure during the initial trading sessions of the week, driven by the strength of the US dollar following robust US jobs data. Despite this decline, conflicting technical signals present a mixed outlook for gold’s trajectory. Market Dynamics Impact of …

The Canadian dollar pair encountered a robust resistance at 1.3465, prompting the completion of the anticipated downward trajectory mentioned in the previous report. The pair reached the first target at 1.3380, touching its lowest point at 1.3367. In today’s technical analysis, a negative bias is observed in trading, hinging on …

US crude oil futures witnessed mixed trading during the previous session, experiencing fluctuations between upward and downward movements. The price ranged from its lowest point at $73.74 to the highest near $79.00 per barrel. A detailed analysis of the 4-hour chart reveals the simple moving averages exerting downward pressure on …