Tag Archives: technical

Gold prices have successfully established a robust support level at 1945, as highlighted in our previous report. The price’s ability to consolidate above this level could potentially lead to a retest of 1966. Examining the technical aspects today, on the 4-hour timeframe chart, the price remains below the formidable resistance …

The technical outlook for the pair remains unaltered, with no significant shifts in its movements. The currency pair has managed to sustain positive stability, finding a foothold on the support level of 1.3710. In today’s technical analysis, we are inclined towards a positive trading stance, drawing confidence from the pair’s …

The downtrend continues to dominate the movements of US crude oil futures contracts, marking the third consecutive session of losses. It reached the first official target mentioned in the previous report at $75.45, hitting a low of $74.96 per barrel. Analyzing the 240-minute time frame chart, we observe a persistent …

In the current market scenario, gold prices continue to follow the anticipated downward trajectory, nearing the initial target set in the previous report at $1945. During the early trading hours of the current session, gold touched a low of $1947 per ounce, underscoring the persistence of the bearish trend. Analyzing …

The Canadian dollar displayed a strong performance, aligning with our previous analysis, by reaching the second target set at 1.3780 and peaking at 1.3782. Examining the technical analysis today, we observe a positive trajectory in our trading strategy, grounded in the stability above 1.3710, reinforced by the encouraging signals from …

US crude oil futures prices continue to suffer losses as we expected, exceeding the last official stop required to be touched during the previous technical report at a price of 78.00, recording its lowest level of $76.57 per barrel during early trading of the current session. Technically, with a closer …

In the recent trading session, gold prices experienced significant losses in line with the negative technical forecast, meeting our earlier expectations. The precious metal touched the second official target at $1958, reaching its lowest point at $1956 per ounce. Today’s technical analysis continues to point towards a potential downtrend. Examining …

The Canadian dollar finds itself under negative pressure as market conditions persist. Analyzing the technical aspects, we observe a consistent downward trend on the 4-hour chart, with the simple moving averages exerting consistent pressure on the currency from above. Additionally, the Relative Strength Index signals negative trends. As long as …

The US crude oil futures market faces a challenging scenario as prices grapple with pivotal resistance levels. Failure to close above the significant barrier at $82.00 has led oil prices into the expected downward trajectory, with early trading today witnessing a dip to as low as $80.40 per barrel. Examining …

In gold trading, conflicting technical signals have left analysts in a state of neutrality. The pivotal moment for traders hinges on the breach of the robust support floor at $1977 per ounce. Current market dynamics find gold prices hovering near their lowest point during the early stages of the trading …