Tag Archives: technical

Positive trading dominated gold’s movements at the beginning of this week’s trading within the expected bullish path during the previous technical report, in which we relied on stability above the 1913 level, touching the first desired target of 1924, recording its highest level at $1925 per ounce. Technically, we find …

The Canadian dollar achieved the first official target that should be touched during the previous technical report at 1.3640, recording its highest level at 1.3640. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3560, and in general, above 1.3500, the support represented …

Mixed movements still control the prices of US crude oil futures contracts, to move in both upward and downward directions, recording a high of 80.45 before hitting a low of around $78.20 per barrel. Technically, by looking at the 240-minute chart, the price is shifting around the 50-day simple moving …

Gold prices achieved an intraday break of the strong support floor published during the previous technical report at the price of 1913, explaining that the decline below the mentioned support level puts the price under negative pressure again, so we are awaiting the return of the official bearish trend, with …

The technical outlook remains unchanged, as the Canadian dollar maintains the expected bullish path during the previous report, touching our first target of 1.3575, recording its highest level at 1.3600. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3540, and in general, …

Mixed trading dominated the prices of US crude oil futures contracts yesterday, touching the official bearish target to be achieved at 77.60, recording its lowest level at $77.65 per barrel. Technically, and looking at the 4-hour chart, prices tried to take advantage of the mentioned support level represented by the …

Limited positive attempts dominated gold’s movements during the previous trading session. Still, it collided with the minor resistance level at 1922, which forced it to trade negatively to the downside. Technically, by looking at the 4-hour chart, the 50-day simple moving average still holds the price from below, supporting the …

The Canadian dollar achieved the first official target required during the previous report, at 1.3600, recording its highest level at 1.3605. Technically, the pair’s movements witnessed a rapid bearish tendency as a result of the collision with the resistance of the psychological barrier 1.3600, which forced the pair to retest …

The prices of US crude oil futures contracts declined significantly during the previous trading session, touching the bearish target required to be achieved yesterday at 78.60, recording its lowest level at $77.68 per barrel. Technically, looking at the 4-hour chart, the simple moving averages continue to exert negative pressure on …

For several consecutive sessions, gold prices witnessed a sideways price range confined from below above the support level of 1885 and from above below the level of 1905, so that the transactions of the last trading session witnessed an upward rebound so that gold could initially breach the main resistance …