Tag Archives: technical

We remained neutral during the report issued last Friday due to the conflicting technical signals, explaining that obtaining a bullish trend requires breaching the 1844 resistance level, which is a catalyst that enhances the possibility of additional rises targeting 1854, so that gold succeeds in recording its highest level at …

The Canadian dollar showed some bearish bias yesterday, affected by the rise in oil prices, and the pair is now hovering around the support level of 1.3575, trying to stabilize above it temporarily. Technically, the Canadian dollar is settling above the 50-day simple moving average, trying to push the price …

The movements of US crude oil futures contracts witnessed a trading session in the green areas within the positive outlook, as we expected, touching the official target of the previous technical report, located at 78.25, recording its highest level at $78.55 per barrel. Technically, oil prices are based in an …

Narrow-side trading dominated gold prices during the previous trading session and did not show any change in the technical outlook, so the movements were limited from below above 1830, and from above below 1840. From the angle of technical analysis today, we notice an initial breach above the resistance level …

The Canadian dollar’s movements tended to be positive during the previous trading session, recording a high of 1.3660 after achieving a significant build-up above the support level of 1.3575. Technically, expectations indicate the possibility of achieving more gains based on the positive motif from the 50-day simple moving average, which …

Positive movements dominated the prices of US crude oil futures contracts, recording additional gains that extended to the level of $77.80 per barrel. Technically, oil prices surpassed the resistance level of 76.60, which has now turned into a support level, which supports the possibility of an increase, in addition to …

Gold’s positive attempts achieved remarkable gains yesterday, recording its highest level of $1844 per ounce. Technically, we notice an initial breach above the resistance level of 1828. Furthermore, we note that gold prices continue to receive a positive incentive from the simple moving averages, which support the possibility of an …

Technically, and by looking at the 240-minute chart, the pair maintains its stability above the 50-day simple moving average, which returned to carry the price from below, and we find the stochastic indicator trying to get rid of the intraday negativity. Therefore, the possibility of maintaining the quiet rise to …

US crude oil futures prices reflected the expected bearish trend, in which we relied on trading to remain stable at the time of writing of the previous report, below the resistance level of 75.10, explaining that the price’s attempts to consolidate above 75.10 might lead oil prices to a temporary …

Gold prices were able to resume the correctional decline, as we expected, touching the target to be achieved in the previous technical report at the price of 1818, in which we relied on confirming the break of 1828. Technically, by looking at the 240-minute chart, we find the 50-day simple …