Tag Archives: technical

After several sessions of successive decline, gold prices concluded trading last week as part of attempts for a limited rise to retest the 1930 resistance level, and current movements are witnessing stability around the aforementioned level. Technically, today gold prices are witnessing attempts to establish a good support floor around …

The downward trend continues to control the movements of the Canadian dollar within the expected downward trend, reaching the first downward target to be achieved at 1.3550, recording its lowest level at 1.3521. Technically, we are leaning towards negativity, relying on the negative crossover of the simple moving averages that …

US crude oil prices presented a positive trading session within the positive technical outlook, approaching by a few points from the first bullish target to be achieved at 89.80, only to record its highest level of $89.60 per barrel. Technically, we find oil prices stable above 88.00, supported by the …

Negative trading dominated gold’s movements during the previous trading session within the bearish context, as we expected, approaching by a few points from the first target required to be achieved at the price of 1902, recording its lowest level of $1905 per ounce. From the technical analysis angle today, we …

The Canadian dollar fell within the expected downward path, touching the first target required to be achieved during the previous technical report at 1.5350, recording its lowest level at 1.3543. Technically, we are leaning towards negativity, relying on the negative intersection of the simple moving averages that continue to pressure …

US crude oil futures prices witnessed a trading session in positive areas within the bullish context as we expected, in which we relied on breaching the resistance of the psychological barrier 88.00, touching the second target to be achieved at 88.85 and approaching by a few points from the official …

We adhered to intraday neutrality during the previous technical report due to the conflicting technical signals and the confinement of trading within a sideways range, explaining that activating the selling positions requires a break of 1913 for the price to head to touch the target of the first break at …

Negative trading dominated the movements of the Canadian dollar during the previous trading session after it failed to maintain positive stability above 1.3600. Technically, we are leaning toward negativity, relying on the negative intersection of the simple moving averages that began to pressure the price from above and the negativity …

US crude oil futures prices returned to achieve gains for the second session in a row, beginning to attack the psychological barrier resistance level of 88.00, recording its highest level of $88.11 per barrel. Technically, we tend to be positive in our trading, relying on the return of the simple …

Narrow-range side trading confined from the bottom above the 1913 support level and from the top below the 1929 resistance level within limited positive attempts for gold prices to penetrate the 1929 level, but it cannot break it so far. Technically, we indicated during the previous technical report that the …