Tag Archives: technical

Gold prices witnessed mixed movements during the previous trading session, influenced by the Federal Reserve’s decision to raise interest rates by 75 basis points for the fourth time this year. Technically, trading quickly returned to stability below the strong supply area published during all technical reports for the current week …

The Canadian dollar provided positive movements during the last session to retest the pivotal resistance level at 1.3680, limiting the rise. Technically, and by looking at the chart, we find features of a bearish technical formation that started to form that may pressure the price to achieve more decline, in …

As we expected during the previous analysis, an upward trend dominated US crude oil’s performance yesterday, touching the first required target at 89.50, recording its highest level at 89.74. Technically, we tend to trade positively but cautiously, relying on the positive motive from the simple moving average and the positive …

Negative trading continues to dominate gold’s movements within the expected bearish context, to find the price traded negatively as soon as it approached the pivotal resistance level at 1660, which forced it to retest 1630. Technically, and by looking at the 4-hour chart, we notice the 50-day simple moving average …

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the expected bearish context and the regular movements within the descending channel. Technically and carefully considering the 4-hour chart, we find the simple moving averages continuing their negative pressure on the price from above, …

A weak bullish trend dominated the movements of US crude oil futures yesterday, within the expected bullish context, touching the first target required to be achieved at 89.60, recording the highest level at 89.80. Technically, we tend in our trading to the positive, but cautiously, relying on the positive stimulus …

Narrow sideways trading tended to the negativity that dominated gold’s movements during the previous session, under pressure from the rise of the US dollar, reaching the lowest of 1654, after it failed to cross upwards to the resistance level of 1670. Technically, the 50-day simple moving average is trying to …

The Canadian dollar achieved the negative targets required during the previous technical report to reach the first target at 1.3545, approaching by a few points from the second target of 1.3495, recording the lowest level at 1.3505. Technically and carefully considering the 4-hour chart, we find the simple moving averages …

US crude oil futures prices reversed the expected bearish trend during the latest analysis after the report issued by the International Energy Agency on oil inventories, recording extended gains around $88.47 per barrel. Technically, today, the current moves are witnessing stability above the previously breached resistance level, which is now …

We remained neutral during the previous session’s trading, explaining that we are waiting for the activation of the pending orders due to the conflicting technical signals at the time of the report’s release, explaining that activating the buying positions depends on confirming the breach of 1666 to target 1677, recording …