Tag Archives: technical

The Canadian dollar was able to achieve the bullish scenario, as we expected, within a gradual rise to the upside, in which we relied on trading remaining above the 1.3300 support, a few pips away from the first target of 1.3410, recording the highest 1.3400 during the early trading of …

Mixed trading dominated the prices of US crude oil futures contracts yesterday. As a reminder, we indicated that closing at least an hour’s candle below the support level of 81.80 puts the price under negative pressure to find the price retesting the support of the ascending channel. We ended its …

A weak bearish trend dominated the gold price movements during the first trading of this week within the bearish cycle to the downside, recording its lowest level at $1931 per ounce, after the level of 1945 formed a strong resistance level. The technical outlook is unchanged and there were no …

Positive trading dominated the movements of the Canadian dollar during the previous trading session to end its weekly dealings above 1.3350, and the current movements of the pair are witnessing stability around 1.3377. Technically, we tend to be positive in our trading depending on the positive impulse from the 50-day …

US crude oil futures prices jumped by the end of last week’s trading to achieve noticeable gains during the American period, recording a high of $83.26 per barrel. Today’s technical outlook. Closer looking at the 240-minute chart, we notice the continuation and regularity of work within the bullish channel and …

Gold prices remained downward during last week’s trading, recording its lowest level last Friday at $1924 per ounce. Technically, and by looking at the 240-minute chart, the price is stable below the strong resistance level of 1945, in addition to the continuation of the negative impact of the bearish technical …

Trading tended to be negative, dominating the Canadian dollar’s movements, approaching by a few points the first target to be touched yesterday at 1.3150, to suffice for recording its lowest level at 1.3160. Technically, the technical outlook is as it is, without change, and with a closer look at the …

The support levels published during the previous technical report at 73.80, managed to protect the bullish trend as we expected, which forced the US crude oil futures prices to rebound upwards towards the official target 75.70, recording its highest level at $75.90 per barrel. Today’s technical outlook, and with a …

Gold prices maintained the bullish path within the positive outlook, as we expected, in which we relied on the success of gold prices in successfully retesting the main support level 1945, heading to touch the second target 1976, approaching by a few pips at the third stop 1988, recording its …

Negative movements regained control over the Canadian dollar after it failed to stabilize over the psychological barrier of 1.3200, to start its weekly movements with a bearish bias. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below the support level of …