Tag Archives: technical

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 …

The price of US crude oil futures witnessed mixed movements during the last trading session to start achieving the expected bearish scenario during the middle of yesterday’s session, touching the required target 77.30, to return to the bullish rebound to test the resistance level of 79.00. Technically, the price moved …

A bearish trend, as we expected, dominated gold prices, touching the first target to be achieved at the price of 1838, and approaching by a few points from the official target station 1828, recording its lowest level at 1830. Technically, by looking at the 240-minute chart, the stochastic is trying …

The Canadian dollar is repeating attempts to rise. However, trading is still within a narrow path confined from below, above the support level of 1.3330, and from above, below the resistance level of 1.3380. Technically, the stochastic indicator sent positive intersection signals in the 240-minute timeframe. Furthermore, we find the …

Temporary negative movements regained control over the prices of US crude oil futures contracts, nullifying the expected bullish technical outlook during the previous report, in which we relied on the bullish technical pattern, in addition to the price’s stability above 78.30 at the time of the report’s release, to witness …