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Tag Archives: technical

Gold is hovering around support and waiting for a signal 13/2/2024

Resilience Above Support Despite previous attempts to break the main 2016 support level, gold showcased resilience in the recent trading session, stabilizing above the critical threshold. Technical Insights Examining the 4-hour timeframe chart, the price is consolidating above the 2016 38.20% Fibonacci retracement, with the Stochastic indicator indicating potential upward …

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CAD continues to decline 8/2/2024

In the wake of the preceding technical report, the Canadian dollar grappled with a prevailing downward trend, successfully reaching the initial target at 1.3470. Presently, trading activity hovers around its morning low, settling at 1.3450. Technical Analysis: Negative Momentum Signals Bearish Outlook Today’s technical analysis veers towards negativity, underscored by …

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CAD Bears Prevail 7/2/2024

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, …

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