Tag Archives: technical

The Canadian dollar jumped yesterday to reverse the expected bearish trend during the previous analysis, in which we relied on trading stability below 1.3480, explaining that consolidation above the aforementioned level is capable of completely thwarting the suggested scenario, and the pair may recover with a bullish target first at …

US crude oil futures prices declined significantly, invalidating the positive outlook we expected, in which we relied on the consolidation of daily trading above the support level of 79.70, explaining that breaking the mentioned level will cancel the idea of resuming the rise and put the price under immediate negative …

Negative trading dominated gold’s movements at the beginning of this week’s trading after it touched its highest level since last June, around $1810 per ounce. As a reminder, we indicated during the previous analysis that the decline below 1786 leads gold to retest 1768, recording its lowest level at 1765. …

The Canadian dollar returned to the bearish path once again, after hitting the resistance level of the psychological barrier 1.3500, which forced it to trade negatively again, to witness the current movements stabilizing around its lowest level during the session 1.3385. Technically, and by looking at the 4-hour chart, we …

US crude oil prices achieved good gains by the end of the trading week ending last Friday, within the expected technical context during the previous report, surpassing the official target that should be touched at 81.60, recording its highest level at 82.20. Technically, we tend to be optimistic but cautious, …

Gold prices achieved remarkable gains within the expected upward path during the previous technical analysis, surpassing the official target of 1777, recording its highest level of $1808 per ounce during the early trading of the current session. Technically, and by looking closely at the 240-minute chart, we notice that gold …

The Canadian dollar reversed the expected bearish trend during the previous analysis, in which we relied on trading remaining below the psychological resistance level of 1.3500, recording its highest level at 1.3646. From the point of view of technical analysis, the stability of trading above the previously breached resistance of …

US crude oil futures prices achieved the required retest target to be touched during the previous technical report, touching the first target 79.10, and approaching by a few points at the second target 79.80, to settle for recording its highest level at 79.61. Technically, looking at the 4-hour chart, we …

The strong support levels published during the previous analysis at 1745 could limit the bearish tendency that gold prices witnessed today to end its daily dealings above the mentioned level. Technically, gold prices retreated to the downside to test the floor of the pivotal support published yesterday at 1745, and …

The Canadian dollar touched the first target to be achieved during yesterday’s session at 1.3500, recording its highest level at 1.3505, and began to decline rapidly to the downside as a result of the collision with the resistance level represented in the target. Technically, and by looking closely at the …