Tag Archives: technical

Gold prices witnessed an upward trend during the previous trading session as part of the continuation of the positive attempts to stabilize above the 1930 level, explaining that the price’s consolidation, at least an hourly candle above the 1930 level, can consolidate gold’s gains towards 1945, recording the highest $1941 …

As we expected, the Canadian dollar made significant gains yesterday, touching the required profit-taking areas at 1.3365, recording its highest level at 1.3372. From the point of view of technical analysis today, and by looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the …

Mixed movements in both directions dominated the prices of US crude oil futures contracts, heading to visit the first target of 72.10, recording a high of 72.13, after it managed to breach the main resistance mentioned during the previous report at 71.55. Technically, we are positive depending on the positive …

Gold prices succeeded in touching the bearish targets required during the previous technical report, reaching the official target of 1900, recording its lowest level at $1902 per ounce after it managed to break the strong support level at $1913. Today’s technical vision tends to be negative, relying on the stability …

The Canadian dollar jumped within the expected positive outlook during the technical report issued yesterday, touching the first official target at 1.3300, recording its highest level at 1.3305 during today’s morning trading, and the current movements are witnessing stability near its highest level of 1.3305. Technically, and by looking at …

Mixed movements in both directions dominated the prices of US crude oil futures contracts, heading to visit the first target 72.10, recording a high of 72.13, after it managed to breach the main resistance mentioned during the previous report at 71.55. Technically, we are positive depending on the positive impulse …

Strong selling pressures dominated gold’s movements after the main resistance levels published during the previous report at 1930, were able to limit the bullish bias, and gold prices failed to close above it to return within a rapid decline to the desired target of 1913, recording its lowest level at …

The Canadian dollar successfully retested the strong support floor at 1.3200, maintaining positive stability above the mentioned level, waiting for more gains. Technically, looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the bullish daily trend, stimulated by the positive impulse from the simple …

US crude oil futures prices witnessed a cautiously upward trend, recording its highest level during the previous trading session at around $71.32 per barrel. Technically, we are positive depending on the positive impulse coming from the simple moving averages that have returned to hold the price from below, and this …

Gold prices are still facing selling pressures, and the previous session’s trading witnessed a retest of the pivotal resistance level at 1930, which gold prices have failed to cross upwards so far. Technically, and with a closer look at the 4-hour chart, we find that the stochastic provides negative signals …