The Canadian dollar achieved the first bullish target published during the previous technical report at 1.3750, recording its highest level of 1.3780. Technically, and with a closer look at the 4-hour time frame chart, the pair established an excellent support ground near the 1.3675 level, accompanied by positive motivation from …
Read More »Oil suffers huge losses 5/10/2023
US crude oil futures prices continue to incur losses amid strong selling, as we expected, exceeding the bearish targets required to be achieved during the previous technical report at 86.60, recording its lowest level at $84.20 per barrel. Technically, by looking at the 4-hour time frame chart, we find the …
Read More »Gold: careful consideration required 5/10/2023
Gold trading was limited during the previous trading session from the bottom above the recently recorded low at 1815 and from the top below the 1830 resistance level without any significant change. Technically, by looking at the 4-hour time frame chart, we find positive crossover signals beginning to appear on …
Read More »CAD:positivity remains 4/10/2023
A gradual rise for the Canadian dollar within the expected positive outlook during the previous technical report, approaching a few points from the published target of 1.3750, recording its highest level of 1.3737. Technically, and with a closer look at the 4-hour time frame chart, we find that the pair …
Read More »Oil is stable below resistance 4/10/2023
Mixed trading dominated the prices of US crude oil futures contracts to temporarily reverse the expected downward trend, indicating that the attempt to stabilize trading above 89.40 is leading oil prices to retest 90.40, recording its highest level of $89.23 per barrel. Technically, oil prices failed to maintain their trading …
Read More »Gold is trying to find a bottom 4/10/2023
The technical outlook remains unchanged, and gold’s movements did not change significantly, trying to retest the 1830 resistance level, maintaining negative stability below it. Technically, the simple moving averages are still a factor of negative pressure on the price from above, in addition to the stability of intraday trading below …
Read More »CAD touches the extended goal 3/10/2023
The Canadian dollar jumped to achieve substantial gains within the expected positive outlook during the previous report, touching the official target to be achieved at 1.3670, recording its highest level during the morning period of today’s session at 1.3705. Technically, and with a closer look at the 4-hour time frame …
Read More »Oil touches corrective targets 3/10/2023
Negative trading dominated the prices of US crude oil futures within the expected downward correction during the previous technical report, exceeding the required targets to reach the official target of 88.70, recording its lowest level of $87.80 per barrel. Technically, oil failed to maintain trading above 89.40. This previously broken …
Read More »Gold is witnessing strong selling 3/10/2023
Gold prices continue to suffer heavy losses as part of intense selling, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1815, recording its lowest level of $1815 per ounce during early trading of the current session. Technically, …
Read More »CAD breaks through the resistance 2/10/2023
The Canadian dollar reversed the expected downward trend during the previous report, in which we relied on trading stability below the resistance level of 1.3520. As a reminder, we indicated that going above and consolidating the price above 1.3520 leads the pair to the upward path again as we wait …
Read More »