Tag Archives: technical

Strong negative trades dominated the Canadian dollar’s movements within the main bearish trend, as we expected, approaching by a few pips from the official target of 1.3200, recording its lowest level at 1.3224. Technically, we tend in our trading to be negative, relying on the negative pressure coming from the …

Mixed trading dominated the prices of US crude oil futures contracts during the previous trading session, recording its highest level of $88.65 per barrel. Technically, the 4-hour chart shows that oil failed to cross upwards and rise above the ascending channel line. The bearish slope stimulates the negative pressure from …

Gold prices were able to touch the official target of the report issued on yesterday’s session at 1787, explaining that the price behaviour of the mentioned level must be monitored. Technically, we find gold prices stable in an intraday manner above the support level of 1763. We also find the …

A bearish tendency dominated the movements of the Canadian dollar during the previous trading session, within the expected bearish path, to settle for recording its lowest level at 1.3240. Technically and carefully considering the 240-minute time frame, we find positive crossover signs that started appearing on the stochastic indicator and …

US crude oil futures prices managed to achieve the first target mentioned during the previous analysis at 89.65, recording the highest level at 89.82, to find a strong resistance level that forced it to trade negatively during the middle of the American session yesterday. Technically, the simple moving averages started …

The yellow metal prices maintained the expected bullish context during the previous analysis after it retested the 1753 level and returned to the bullish rebound towards the first target required to be achieved in the last analysis at 1772, recording the highest 1775. Today’s technical view indicates the possibility of …

The Canadian dollar resumed the bearish trend as we expected during the technical report issued last Friday, touching the second target that is required to be achieved at 1.3230, recording its lowest level at 1.3234. From the angle of technical analysis today, and carefully looking at the 4-hour chart, we …

US crude oil futures prices witnessed a bullish tendency at the end of last Friday’s trading to temporarily reverse the bearish trend, recording its highest level around $90.00 per barrel. Technically, oil prices are currently hovering around the 50-day simple moving average that is trying to push the price to …

Gold’s movements did not witness noticeable changes during last Friday’s trading due to the US market holiday, which led to a decline in trading volumes on the yellow meter, recording a high of $1,772 per ounce. Technically, and by looking at the chart with a 240-minute interval, we find signs …

A strong bearish trend dominated the movements of the Canadian dollar due to the impact of the bearish technical structure referred to during the previous head and shoulders analysis, recording its lowest level in the last trading session at 1.3308. Technically, we tend to the negativity, relying on the clear …