Noticeable losses continue to control the Canadian dollar’s movements within the expected bearish path during yesterday’s session, surpassing the required target at 1.341 as could continue the selling pressure towards 1.3375, recording its lowest level at 1.3330. Technically, with the pair’s failure to maintain trading above 1.3410, in addition to …
Read More »Oil looking for additional momentum 14/4/2023
Limited positive trading dominated futures prices for US crude oil, colliding with the strong resistance published during the previous technical report at 83.50, which temporarily limited the bullish trend. Technically, by looking at the 4-hour chart, we find negativity features currently dominating the stochastic indicator. We await getting rid of …
Read More »Gold continues the upward push 14/4/2023
A noticeable rise in gold prices, continuing to achieve gains for the fifth session in a row within the expected positive outlook, touching the official target station during the last analysis at the price of 2040, recording its highest level of $2048 per ounce. Today’s technical vision indicates the possibility …
Read More »CAD continues to be negative 13/4/2023
The Canadian dollar was able to maintain the bearish path, heading to touch the first profit-taking required to be achieved during the previous trading session’s trading at 1.3440, recording its lowest level at 1.3428. From the angle of technical analysis today, we continue to maintain the negative outlook, relying on …
Read More »Oil is on the rise 13/4/2023
US crude oil futures prices jumped, continuing to achieve gains during the expected wave of rise during the previous analysis, touching the official target station at 83.20, recording its highest level of $83.50 per barrel. Technically, by looking at the 240-minute chart, we find that oil prices succeeded in achieving …
Read More »Gold continues the upward push 14/4/2023
A noticeable rise in gold prices, continuing to achieve gains for the fifth session in a row within the expected positive outlook, touching the official target station during the last analysis at the price of 2040, recording its highest level of $2048 per ounce. Today’s technical vision indicates the possibility …
Read More »CAD starts with negativity, eyes on BoC 12/4/2023
Negative trades dominated the movements of the Canadian dollar within the negative outlook, as we expected during the previous analysis, to start with negative pressure on the support floor published in the last analysis at 1.3480. Technically, the Canadian dollar failed to stabilize over the negative barrier of 1.3500, and …
Read More »Oil is rebounding after touching the bearish correction target 12/4/2023
US crude oil futures prices achieved the first corrective decline target published during the previous technical report, located at 79.30, to rebound quickly to the upside. The current movements are hovering around $81.30 per barrel. Technically, the current movements of oil are witnessing stability above the resistance of 80.80, in …
Read More »Gold is on a gradual rise and is looking for additional momentum 12/4/2023
A quiet, gradual rise dominated gold prices during the previous trading session’s dealings within the targeted bullish path, touching the first target to be achieved yesterday at the price of 2004, recording the highest of $2007 per ounce. Technically, and with a closer look at the 240-period chart, we find …
Read More »CAD waiting for pending orders 11/4/2023
After attempts to rise, the Canadian dollar found a strong resistance level of around 1.3550 to find the resistance above. It started to form negative pressure on the price within a sideways path it cannot breach until now. Technically, we find the Canadian dollar stable above the floor of support …
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