Tag Archives: technical

The Canadian dollar pulled back in the previous session after several days of gains, with the pair reaching a recent high of 1.3734 before entering a corrective phase. Technical Outlook – 4-Hour Timeframe: Intraday technical activity shows a break of an ascending trendline, which triggered some short-term bearish movement. The …

The downward trend continues to dominate U.S. crude oil futures, with intraday price action stabilizing near the recent low of $65.22. Technical Outlook – 4-Hour Timeframe: Oil remains under consistent selling pressure. A closer look at the chart shows that the 50-period Simple Moving Average (SMA) continues to act as …

Gold prices posted a strong rally in the previous trading session, aligning with the bullish expectations outlined in the latest technical report. The metal surpassed the target level of $3,376, reaching as high as $3,402 per ounce during early trading today. Technical Outlook – 4-Hour Timeframe: Intraday price action shows …

The Canadian dollar continued its upward trajectory, achieving the expected positive targets outlined in the previous technical report. The pair reached the 1.3770 target and extended to a new high of 1.3774. Technical Outlook – 4-Hour Timeframe: Price action reflects ongoing bullish momentum, supported by the pair’s stability above the …

Gold prices exhibited mixed but upward-biased movement, with the metal maintaining its position above the pivotal support area at $3,310, preserving a positive short-term outlook. Technical Outlook – 4-Hour Timeframe: Intraday price action reflects a continuation of the bullish trend, following a solid bounce from $3,310. This support level allowed …

The USD/CAD pair continued its steady upward movement, in line with the expected bullish trend, approaching the previously identified technical target at 1.3740 after reaching a session high of 1.3730. Technical Outlook – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) continues to provide dynamic support, reinforcing the pair’s bullish …

U.S. crude oil futures extended their bearish momentum in the previous trading session, falling to a low of $66.25 per barrel. Technical Outlook – 4-Hour Timeframe: Intraday movements are showing signs of mild recovery attempts from oversold conditions. The Relative Strength Index (RSI) is attempting to generate early positive signals, …

Gold prices experienced significant volatility during yesterday’s session, following the release of U.S. inflation data that strengthened the dollar and exerted downward pressure on gold. As noted in our previous report, a break below $3,340 reactivated the bearish scenario, which materialized after gold dipped to $3,320. Technical Outlook – 4-Hour …

The pair continues to benefit from the support of the 50-period Simple Moving Average (SMA), which reinforces short-term bullish momentum. This is further supported by a notable improvement in momentum indicators, with the Relative Strength Index (RSI) generating constructive signals that favor the continuation of the uptrend in the near …

U.S. crude oil futures posted strong gains in the previous session, reaching an intraday high of $68.61 per barrel. Technical Outlook – 4-Hour Timeframe: Price action remains supported by an ascending trend line, with the simple moving averages acting as dynamic support—indicating sustained bullish momentum. Notably, a positive divergence between …