Tag Archives: technical

The Canadian dollar performed in line with our expectations during the previous trading session, achieving the first target at $1.3590 and reaching a peak of $1.3606. In today’s technical analysis, observing the 4-hour timeframe chart, we note that the pair’s intraday movements are currently stabilized below the psychological barrier resistance …

The recent trading sessions for US crude oil futures contracts showcased a positive trend, aligning with the anticipated bullish context and achieving the initial target set forth in the previous report at $79.25, with a peak at $79.60 per barrel. In today’s technical analysis, we maintain a positive outlook, albeit …

The support level highlighted in the previous technical report, situated at $2025, effectively bolstered the positive stability of gold prices. After successfully retesting this level, with a peak at $2024, gold prices experienced an upward rebound, currently trading near their highest point during the early session, at $2037 per ounce. …

During the previous session’s trading, the Canadian dollar saw a resurgence of upward momentum, leveraging the support level at 1.3480 to initiate an upward rebound, with current levels hovering around 1.3540. Today’s technical analysis suggests a positive outlook, primarily driven by the reestablishment of stability in the pair’s price above …

In yesterday’s technical report, we maintained a neutral stance due to conflicting technical signals, noting that consolidation of the price above $78.00 could pave the way for reaching $78.35 as the first target, with potential further gains extending to $79.20. American crude oil prices managed to peak at $78.95 per …

Gold prices encountered downward pressure during the preceding trading session following their ascent to the 2040 resistance level. This led to a decline, resulting in intraday movements stabilizing around the lowest level for the current period, priced at $2030. Today’s technical analysis, upon examination of the 4-hour timeframe chart, reveals …

The Canadian dollar experienced tranquil trading conditions with a slight positive bias, manifesting a sideways trend confined between the lower boundary around 1.3500 and the upper threshold below 1.3535. Today’s technical analysis, upon scrutiny of the 4-hour timeframe chart, reveals the simple moving average endeavoring to uplift the price. However, …

At the onset of this week’s trading, US crude oil futures contracts experienced a modest uptick, marking their peak yesterday in close proximity to the psychological resistance threshold of 78.00. From a technical standpoint, a scrutiny of the 4-hour timeframe chart reveals the resurgence of the 50-day simple moving average, …

Gold prices surged, buoyed by the support level highlighted in the previous technical report at the price of 2016. This support level played a pivotal role in driving prices upward, aligning with our positive outlook. The market witnessed the attainment of initial official targets, reaching as high as 2042.00. Analyzing …

The Canadian dollar pair commenced its weekly trading session on a bullish note, albeit with some limitations, following its successful retest of the robust support level at 1.3460. In terms of technical analysis today, we lean towards a positive outlook, supported by the pair’s stability in trading above the aforementioned …