Tag Archives: technical

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining negative stability below the resistance level of the psychological barrier of 1.3400. Technically, and by looking closely at the 4-hour chart, we find that stochastic provides negative signals, motivated by the continuation of the negative pressure …

Mixed trading dominated the prices of US crude oil futures contracts yesterday, but the pivotal support level published during the previous report, located at 71.40, was able to limit the bearish tendency to force oil to rebound upwards again, and the current movements are witnessing stability around $73.20 per barrel. …

Gold prices achieved the first bullish target required during the previous technical report at 2037, recording its highest level during the early trading of the current session at $2038 per ounce. Technically, and by looking at the 4-hour chart, we find that gold continues to form an upward trend accompanied …

Significant negative trades dominated the movements of the Canadian dollar during the first trading sessions of this week within the expected negative outlook, touching the bearish target that should be achieved at 1.3310, recording the lowest at 1.3313. Technically, the support levels posted at 1.3315 limited the bearish bias and …

US crude oil futures prices witnessed a positive trading session within the bullish context published during the previous analysis, touching the first target, 72.60 and approaching by a few points at the second target, 73.80, to settle for recording the highest, 73.66. Technically, by looking at the 240-minute chart, we …

Gold prices were able to achieve the bearish slope target mentioned during the previous technical report at 2016, recording its lowest level of $2014 per ounce. Today’s technical vision indicates the possibility of a bullish retracement based on the stability and consolidation of the price in general above the support …

The Canadian dollar declined significantly to incur significant losses, surpassing the bearish target published in the previous report at 1.3510. It is now settling around its lowest level during today’s morning session 1.3370. Technically, and with a closer look at the chart, we find that the simple moving averages returned …

As we expected during the previous technical report, US crude oil futures prices recovered, touching the required target at 71.20, recording a high of $71.77 per barrel. Technically, we find that oil prices have returned to stability above the support floor of the psychological barrier of 70.00, in addition to …

Gold prices gave up their recent gains last Friday to move away from the peak recently recorded at $2067, under pressure from the rise of the US dollar after the US jobs data, to record gold prices to their lowest level of $2016 per ounce. Technically, and by looking at …

Positive trades dominated the movements of the Canadian dollar during the previous trading session after it succeeded in breaching the resistance level of 1.3585, which is hovering around at the moment and starts with negative pressure on the mentioned level. Technically, and when looking closely at the chart, we find …