Tag Archives: technical

The Canadian dollar continues its efforts to complete the required rise within the expected bullish path during the previous trading session, approaching a few pips from our first target of 1.3580, recording its highest price at 1.3570. Technically, by looking at the 240-minute chart, the stochastic indicator entered the overbought …

US crude oil futures prices extended their losses as expected, surpassing the official target station at 75.00 to a low of $73.83 per barrel. Technically, there is a clear breach of the support floor of the psychological barrier 75.00, accompanied by the continuation of the simple moving averages providing negative …

A bearish trend continues to control gold prices, constantly pressurized by the rise of its American rival. As a result, it is heading to touch the first official target station during the previous analysis, at 1828, recording its lowest level at $1823 per ounce. The technical analysis today indicates the …

The Canadian dollar jumped yesterday, making significant gains, as we expected, touching the official target station during the previous analysis at 1.3530, recording the highest at 1.3550. Technically, we believe that the bullish trend is still valid and effective based on the continuation of the pair obtaining a positive impulse …

A downward trend dominated the price movements of US crude oil futures contracts during the previous trading session, within the path of quiet trading, and now hovering below the support level of 76.50. Technically, the 50-day simple moving average still constitutes a negative pressure factor on the price from above …

Gold prices did not witness noticeable movements during the previous trading session within a narrow price range between 1843 and 1830. Technically, gold prices attempted to recover and compensate for part of their previous losses, recording a high of 1843. However, with a closer look at the 4-hour chart, we …

The Canadian dollar started its weekly trading upward, benefiting from the intraday consolidation above the 1.3430 support. The pair’s current movements are witnessing stability around its highest level during the morning trading of the current session, around 1.3475. Technically, we are positive in our trading depending on the pair receiving …

US crude oil futures prices incurred significant losses by the end of last Friday’s trading week after dealers abandoned the long-term position, recording a low of $75.36 per barrel. Technically, we are negative depending on the stability of daily trading below the strong resistance level of 78.00, accompanied by the …

By the end of last week’s trading, gold prices were able to touch the first official stop for the current downward wave, as we mentioned at the price of 1828, recording its lowest level at $1821 per ounce. Technically, gold prices attempted to recover and compensate for part of their …

A bullish tendency dominated the movements of the Canadian dollar yesterday. However, as a reminder, we remained neutral for the moment due to the conflict between the technical signals, explaining that activating buying positions depends on confirming the breach of 1.3380 to target 1.3410 & 1.3460, to suffice for recording …