Tag Archives: technical

The Canadian dollar continued its decline against the U.S. dollar within the expected bearish trend, reaching the first target of 1.3650 outlined in the previous technical report, with the pair recording a session low of 1.3648. From a technical standpoint, the 4-hour chart confirms the persistence of downside pressure. The …

U.S. crude oil futures posted sharp gains in the previous session, reaching the official target of $66.85 and extending to a session high of $68.98 per barrel. From a technical standpoint, intraday price action showed signs of bearish pressure, largely attributed to profit-taking after the strong rally. This coincides with …

Gold prices exhibited mixed behavior during recent sessions, initially continuing the expected corrective decline and approaching the first downside target of $3,312, as highlighted in the previous technical report. The metal recorded a low of $3,315 before reversing course, driven by a sharp rebound following the release of U.S. inflation …

The technical outlook remains unchanged, with no significant shift in the pair’s behavior. The prevailing downtrend continues to dominate, reflecting persistent bearish sentiment. A closer look at the 4-hour chart shows that the simple moving averages continue to apply downward pressure on price action. This is reinforced by the Relative …

U.S. crude oil futures followed the expected bullish trajectory, successfully reaching the first official target at $65.90 and coming within reach of the second target at $66.45, with a session high recorded at $66.24 per barrel. From a technical standpoint, the psychological resistance near $65.00 continues to exert downward pressure …

Gold prices showed mixed performance during the previous session, largely aligning with the anticipated downward corrective trend outlined in the prior technical report. The bearish scenario was initially supported by trading remaining below the $3,325 resistance level. However, as cautioned, any attempt to break above $3,325–$3,331 would invalidate that outlook. …

The Canadian dollar remains under clear downward pressure, with the USD/CAD pair extending losses across multiple sessions and registering a new low at 1.3669 during the week’s opening trade. From a technical standpoint, the 4-hour chart shows persistent bearish momentum, with simple moving averages (SMAs) pressing down from above and …

US crude oil futures extended their recent rally, posting additional gains at the start of the week and reaching a session high of $65.62 per barrel. From a technical standpoint, despite heightened intraday volatility following the recent surge, the broader trend remains bullish. A closer inspection of the 4-hour chart …

Gold prices experienced mixed performance during the previous trading session, with bullish momentum fading and the market opening today with a bearish bias. From a technical standpoint, a closer analysis of the 4-hour chart shows that gold failed to break through the critical resistance level at $3,325. The simple moving …

The downtrend continues to dominate the Canadian dollar’s movements, with the pair recording a session low of 1.3674 in the previous trading session—a level that acted as solid support, temporarily halting further losses. From a technical perspective, the 4-hour chart shows the pair attempting to recover from oversold conditions. However, …