Tag Archives: technical

The technical outlook is unchanged, and the Canadian dollar did not change significantly, maintaining positive stability, to start the early trading of today’s trading session, stable above 1.3620. Technically, we find the 50-day simple moving average continues to hold the price from below, and this comes in conjunction with the …

US crude oil futures prices declined significantly within the expected downward path during the previous analysis, touching the first target to be achieved at 72.50, recording its lowest level at $71.77 per barrel. Technically, we find the simple moving averages continue to exert negative pressure on the price from above, …

Gold prices witnessed a trading session that tended to be positive, after it succeeded in building on the support floor published during the previous technical report at 1764, and as a reminder, we adhered to intraday neutrality yesterday due to the conflicting technical signals, explaining that the activation of buying …

Positive trades dominated the movements of the Canadian dollar within the expected bullish path in the last analysis, touching the first target at 1.3665, recording its highest level at 1.3676. Technically, the 50-day simple moving average continues to hold the price from below, and this comes in conjunction with the …

The prices of US crude oil futures contracts incurred significant losses during the previous trading session, within the downward track, as we expected in the last report, touching the required target at 75.20, recording its lowest level at $73.44 per barrel. Technically, looking at the 240-minute chart, with regular movement …

The support levels published during the previous technical report, at 1764, were able to limit the bearish slope that occurred with the first trading sessions of this week and forced gold prices to rebound, limitedly to retest 1780 during the previous trading session. Technically, with a closer look at the …

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 …