Tag Archives: technical

Gold prices experienced negative trading in line with the expected downward trajectory outlined in yesterday’s technical report, reaching the designated target at $2037 and marking a low at $2024 per ounce. Analyzing the 4-hour chart today reveals stability in trading below the support level of 2037, with gold still under …

An upward trend has reasserted control over the movements of the Canadian dollar, establishing solid support around 1.3410. The current trading levels witness stability around the highest point reached early in the morning at 1.3475. Upon closer examination of the 4-hour chart from a technical perspective, the simple moving averages …

Mixed trading characterizes the movements of US crude oil futures in the initial trading sessions of the week. After reaching its lowest point at $72.27, the price rebounded to retest the $72.50 level. Technically, a negative bias is evident, supported by the initiation of negative crossover signals from the simple …

Gold prices are currently experiencing a downward trend after facing resistance at the critical level of 2065, leading to negative stability. From a technical standpoint today, examining the 240-minute chart reveals emerging signs of negativity on the Stochastic indicator. Simultaneously, clear negative trends are evident on the 14-day momentum indicator. …

The Canadian dollar experienced an upward trend, aligning with the anticipated positive outlook outlined in the latest technical report. The currency touched the target at 1.3430 and recorded its highest level at 1.3443. From a technical perspective today, there are early signs of negativity emerging on the Stochastic indicator. Furthermore, …

US crude oil futures exhibited mixed trading in the previous session, eventually returning to an upward trend after finding support around the pivotal level of 71.20. From a technical standpoint, there is a cautious positive outlook. The price is receiving positive signals from the simple moving averages, which have provided …

Gold experienced a downward trend in the previous trading session, testing the main support around 2016, before concluding the day’s trading above this support and embarking on an upward rebound, targeting a retest of 2035. Analyzing the 240-minute chart, conflicting technical signals emerge. The 50-day simple moving average poses a …

The Canadian dollar continues to exhibit an upward trend, in line with the anticipated bullish context outlined in the previous technical report. The pair successfully established a base around the support level of 1.3320. In terms of technical analysis, a closer examination of the 4-hour time frame chart reveals ongoing …

US crude oil futures prices experienced significant losses as the current week’s trading sessions commenced, aligning with the anticipated negative outlook and reaching the targeted level of $70.00. The recorded lowest level was $70.13 per barrel. Technically, the prevailing sentiment leans towards negativity, with the formation of simple moving averages …

Gold prices recently touched the designated support level, established at the 2016 price, reaching a low of $2016 per ounce. The technical analysis indicates a subsequent upward rebound following this contact with the robust 2016 support level, prompting a retest of the 2040 resistance level. Examining the 4-hour time frame …