Tag Archives: technical

The technical outlook for gold remains unchanged, with no significant shifts in its movements and a persistent negative stability below the crucial $2000 psychological barrier resistance level. In the realm of technical analysis today, a closer examination of the 4-hour time frame chart reveals sustained negative pressure from the simple …

The Canadian dollar encountered a robust resistance level around 1.2620 and struggled to maintain positive stability above the psychological barrier of 1.2600. This led to a shift in sentiment, resulting in negative trades, with the pair currently trading around 1.3558. In terms of technical analysis today, the simple moving averages …

The US crude oil futures contracts showcased a resurgence of positive momentum, steering away from their lengthiest series of losses since 2018 and attaining a recent peak at $71.77 per barrel in the previous trading session. From a technical standpoint, the outlook leans towards optimism, buoyed by encouraging signals emanating …

Gold experienced a significant decline in the initial trading session of the week, following the anticipated downward trajectory after its inability to sustain positive stability above the $2000 threshold, ultimately reaching its lowest point at $1975 per ounce. In terms of technical analysis today, a closer examination of the 4-hour …

The Canadian dollar exhibited a notable upward momentum, aligning with the anticipated positive outlook and reaching the initial target specified in the previous technical report at the price of 1.2625. The pair achieved its highest level at 1.3620. Upon closer examination of the 4-hour chart from a technical perspective, the …

Mixed trading characterized the US crude oil futures contracts in the previous session, ultimately registering a low at $68.83 per barrel. From a technical standpoint, the $68.80 level effectively mitigated the bearish inclination, prompting a rebound in oil prices. Presently, movements exhibit stability above the psychological barrier of $70.00. A …

The technical outlook remains unchanged, and gold prices maintain negative stability. We did not witness major movements during the previous trading session, so the price stabilized momentarily below the 2035 resistance level, and most importantly 2040. Technically, today, by looking at the 4-period chart, we find that the simple moving …

In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …

US crude oil futures prices incurred significant losses yesterday within the expected negative outlook during the previous technical report, touching the targets to be achieved at 70.70, recording its lowest level at $69.13 per barrel. Technically, by looking at the 240-minute time frame chart, we notice continued negative pressure coming …

Gold prices are currently exhibiting a persistent negative trend, with limited fluctuations noted in the preceding trading session. Notably, the price has momentarily stabilized below the critical resistance levels of 2035 and, more significantly, 2040. Technically, a scrutiny of the 4-period chart reveals an ongoing negative cross of the simple …