Tag Archives: technical

The official bearish trend regained control of the Canadian dollar’s movements once again after it preferred to pass upwards to the pivotal resistance level at 1.3470, which forced it to trade negatively again to retest the support level of 1.3350. Technically, our trading tends to be negative, relying on the …

Mixed movements dominated the prices of US crude oil futures contracts, but trading tended to be positive to succeed in recording good gains, touching the level of $81.86 per barrel. Technically, by looking closely at the 4-hour chart, we find that oil prices continue to get a positive impulse from …

Gold prices continued achieving strong gains at the expense of the US dollar, as we expected within a gradual rise to visit the official target published during all technical reports last week at the price of 1950, recording its highest level at $1937 per ounce. Technically, and with a closer …

The Canadian dollar was able to touch our awaited target during the previous analysis at 1.3350, recording yesterday’s low at 1.3350, to start a bullish bounce as a result of touching the support represented in the target. Technically, the pair formed a bullish rebound to the upside, and the current …

Significant gains were achieved by US crude oil futures prices within the positive outlook, as we expected yesterday, touching the first target of 81.70, and recording a high of 82.35. Technically, oil prices collided with a strong resistance level of 82.40, which forced it to trade with strong negativity, so …

Gold failed to achieve the expected bearish target mentioned in the previous technical report, in which we relied on the stability of trading below the 1903 level, explaining that the return of trading stability above 1911 negates the proposed scenario. As a result, gold regained the main bullish path, waiting …

The Canadian dollar fell yesterday within the bearish path published during the previous technical report, approaching by a few pips at the first target of 1.3360, recording its lowest level at 1.370. The technical view is unchanged, and the pair maintains the same technical conditions. The common tendency tends to …

US crude oil futures prices achieved the bullish target required to be touched during the previous technical report at 80.85, and approached by a few points at the second target 81.45, only to record the highest 81.20. Technically, oil prices continue to receive a positive incentive from the simple moving …

Negative trading dominated gold prices during the previous trading session, as we indicated in the last report, touching the first target of 1903, and heading for the second target 1897 during the morning trading of the current session. Technically, and by looking at the 4-hour chart, we notice the stability …

Negative trades continued to dominate the Canadian dollar after it failed to surpass the strong resistance level at 1.3470, which formed a strong resistance level that forced the pair to maintain the bearish bias. Technically, and by looking at the 240-minute chart, we find that the simple moving averages continue …