Tag Archives: technical

Gold prices continue to achieve substantial against USD, in line with the bullish trend, as we expected during the previous trading session, touching the second official stop at $2025 per ounce. Technically, and with a close look at the 240-minute chart, we find that the relative strength index continues to …

As we expected, the Canadian dollar declined significantly within the negative outlook, touching the official target achieved yesterday at 1.3460, recording the lowest 1.3411. Technically, the bearish trend is still the most dominant in the pair’s movements, and we find that the simple moving averages continue their negative pressure on …

Strong rises were witnessed in the prices of US crude oil futures contracts, to start its first weekly dealings on a rising price gap under the influence of the OPEC decision, to record its highest level of $81.50 per barrel. Technically, By looking closely at the 240-minute chart, we find …

Gold prices failed to break the pivotal support floor published during the previous analysis at 1960, explaining that it represents the key to protecting the official bullish trend, returning to the bullish rebound towards 1990, to end its daily dealings above the support mentioned above. Technically, the overall bullish trend …

The Canadian dollar achieved the negative targets we expected within the bearish path published during the previous technical analysis, touching the official target at the end of last week’s trading at 1.3550, recording the lowest at 1.3505. Technically, we tend to be negative, relying on the continuation of the negative …

US crude oil futures prices witnessed an upward rebound by the end of last week’s trading, building on the strong support floor of 72.60. Technically, with a close look at the 240-minute chart, the price has returned to stability above the simple moving averages that support more rises and is …

The yellow metal’s efforts continued to maintain its attempts to rise, which stopped temporarily due to the negative pressure from the 1987 resistance level, forcing the price to decline temporarily. Technically, the overall bullish trend is still the most likely, relying on the stability of trading above the previously breached …

Limited positive trades were shown by the movements of the Canadian dollar, trying to benefit from the support level of 1.3650 to retest the resistance level of the psychological barrier of 1.3800, maintaining the negative stability once again. Technically, we are facing a bearish technical formation on the 4-hour time …

The prices of US crude oil futures contracts declined significantly by the end of last week’s trading within the bearish directional movement, as we expected, touching the official target station at the price of 67.20, recording its lowest level at $66.86 per barrel. Technically, the bearish trend during today’s session …

Gold prices collided with the psychological resistance level of $2000, which forced gold to trade within a bearish slope that aimed to retest the key to protect the bullish trend of 1960 from ending its weekly trading above the mentioned level. Technically, the overall bullish direction is still the most …