Tag Archives: technical

Gold prices have reached the initial technical target at $2035 per ounce, marking its highest level in the previous trading session. Upon examining the 4-hour timeframe chart from a technical perspective, it’s observed that the $2035 level has acted as a barrier to further upward movement in gold prices. However, …

The Canadian dollar faces hurdles in maintaining stability above the psychological resistance level of 1.3500, which serves as a formidable obstacle, constraining bullish momentum. Technical Analysis Insights In the current market landscape, a bearish trend unfolds below the critical 1.3500 threshold. A detailed analysis of the 4-hour timeframe chart reveals …

The landscape of US crude oil futures contracts witnessed a blend of movements, oscillating between upward and downward trajectories in yesterday’s trading session. Notably, a robust support level near $76.40 acted as a formidable barrier, curtailing downward pressure and steering prices to a close near the $78.00 mark. Technical Analysis …

In a dynamic session of trading, gold prices experienced fluctuations, influenced by the strengthening of the US dollar following the Federal Reserve Committee’s announcements. Despite initial setbacks, gold surged to reach its peak at $2032 per ounce, showcasing resilience amidst market pressures. Technical Analysis Insights A comprehensive analysis of the …

The Canadian dollar has exhibited the anticipated positive trajectory, achieving our initial target during the prior trading session, reaching a peak of 1.3529 against its counterpart. Technical Analysis Insights: Today’s technical analysis reveals the pair’s attempt to establish stability above the robust support level of 1.3500. Moreover, the Stochastic indicator …

US crude oil futures experienced a notable rally in the previous trading session, nearing the first upward target mentioned in the previous technical report at $78.70. However, the price faced resistance and retreated, reaching a peak of $78.50 per barrel before encountering downward pressure. Technical Analysis Overview Examining the technical …

Yesterday, gold prices maintained their upward trajectory, aligning with the anticipated positive outlook. The precious metal touched the first target at $2027 and surged to reach a peak of $2031 during the early trading session today. Technical Analysis Perspective Analyzing the 240-minute time frame chart reveals that gold successfully retained …

The Canadian dollar displayed strength yesterday with an upward trend dominating its movements, carrying over into today’s trading session with a positive bias. The currency hovers around its morning peak, reaching 1.3510. Technical Analysis Points to Continued Positive Momentum Technical analysis indicates that the pair continues to benefit from support …

US crude oil futures experienced quiet yet positive trading during yesterday’s US market holiday, reaching its highest level at $78.52 per barrel. Technical Analysis Reinforces Upward Trend The technical outlook for oil prices remains unchanged, with trading continuing within an upward trend observed within the ascending price channel depicted on …

Gold’s efforts to secure gains persist, albeit within constrained limits. The precious metal finds itself grappling with stabilization above the pivotal 2016 level, a critical determinant of medium-term trends, with prices reaching as high as $2023 per ounce. Technical Analysis Highlights Consolidation Efforts Today’s technical analysis, focusing on the 240-minute …