Tag Archives: technical

The Canadian dollar achieved some modest positivity during the previous trading session, with a view of retesting the 1.3460 resistance level to settle for recording the highest at 1.3445. Technically, and by looking at the 4-hour chart, we notice the stability of the RSI around neutrality areas, in addition to …

Positive trades dominated the prices of US crude oil futures contracts, invalidating the official bearish scenario as we expected after it managed to build on stability above the support level of 74.30 and after succeeding in breaching the resistance of 75.60, explaining that the rise above 75.60 can thwart the …

We adhered to intraday neutrality during the previous decision due to a conflict between the technical signals. However, we made it clear that breaching the 1880 resistance level could consolidate gold gains to visit our first target for the previous report at 1887, so that gold prices recorded their highest …

Limited positive attempts for the Canadian dollar during the last trading session aimed at retesting the previously broken support level, which was turned into resistance at 1.3460. Technically, and by looking closely at the 4-hour chart, we find that positive crossover signs started to appear on the stochastic indicator, accompanied …

Mixed movements are still controlling the prices of US crude oil futures contracts to move in both the bearish and bullish paths without getting a solid directional signal. The technical outlook remains unchanged, with oil’s stability moving below 75.60. We find the 50-day simple moving average, continuing the negative pressure …

Sideways trading dominated gold’s movements yesterday, trying to attack the main resistance level of the current price range at 1880 but unable to breach it until now. Technically, by looking at the chart with a 4-hour interval, we find the simple moving averages support the daily bullish price curve accompanied …

As we expected, a bearish trend dominated the Canadian dollar’s movements with a gradual decline to the downside, approaching the official target of 1.3320, posting its lowest level at 1.3355. Technically, the most favourable direction is still bearish, with the negative pressure of the simple moving averages, which continue to …

US crude oil futures prices reversed the expected bearish trend mentioned in the previous analysis, in which we relied on trading stability at the time of writing the report below the resistance level of 75.60, explaining that if the level mentioned above is breached, oil prices may recover with the …

Gold’s movements did not witness a significant change during the trading of the previous trading session, after several consecutive sessions of incline, to be able to touch the target to be achieved during the past week, 1880, which formed a strong supply point that it was unable to break until …

The Canadian dollar followed the negative outlook during the previous technical report, heading to touch the official bearish station on friday at 1.3420, recording its lowest level during the morning trading of today’s session at 1.3400. Technically, and by looking closely at the 4-hour chart, we find that the pair …