Tag Archives: technical

Gold prices collided with the previously broken support level, which was transformed into the de facto resistance level at 1880, limiting the limited bullish tendency to force gold to decline again and retest 1862. Technically, we tend in our trading to be negative, relying on the stability of the price …

The Canadian dollar was able to build on the support at 1.3330, which forced it to rebound to the upside, to succeed in retesting the resistance level of the psychological barrier 1.3400, recording its highest level at 1.3426. Technically, and by looking at the 240-minute chart, we find that the …

Futures prices achieved significant losses last Friday, as part of the expected downside path during the latest technical report, surpassing the official target station 74.20, recording its lowest level at 73.16. Technically, we tend to be negative in our trading, relying on the confirmation of oil breaking the support level …

Gold prices ended last week’s movements on a noticeable decline, after the issuance of better-than-expected US employment data, supporting the US dollar over gold’s interest. Technically, and with a closer look at the 240-minute chart, we find that gold prices are currently stabilizing below the strong demand area 1900, accompanied …

Negative trades returned to control the movements of the Canadian dollar, after it failed to stabilize for a long time above the strong resistance level at 1.3400, which forced it to trade in negativity. The pair is now hovering around 1.3277. Looking closely at the 240-minute chart, we find that …

US crude oil futures prices declined significantly within the expected bearish context during the last technical report, touching the first target of 77.00, and approaching by a few points the second target of 76.00, recording the lowest at $76.10 per barrel. Technically, by looking at the 4-hour chart, we find …

Gold prices finished the bearish correction referred to during the last analysis, during which we targeted to touch 1907 levels, to start a bullish rebound, taking advantage of the US currency’s decline after the Federal Reserve’s decision regarding interest rates. On the technical side today, we tend in our trading …

The Canadian dollar reversed the daily bearish trend expected during the previous analysis after it built on the support floor of 1.3300, previously explained as a support level, to return to the bullish rebound, and now hovering around its highest level during the session 1.3410. Technically, the pair was able …

US crude oil futures prices incurred significant losses within the expected negative outlook during the technical report issued yesterday, touching the official target station at 78.25, recording its lowest level during the early trading of the current session at 77.56. Technically, we continue to suggest the bearish daily trend, relying …

Narrow range side trading did not witness a significant change to find gold prices maintaining stability between 1920 and 1936. As a reminder, we indicated during the previous analysis that price consolidation above 1936 is a condition for resuming the bullish trend. On the technical side, by looking at the …