Tag Archives: technical

US crude oil futures price movements witnessed a noticeable decline by more than 4.0%, recording its lowest level during the previous session’s trading of 86.85. Technically, we find that the intraday movements of oil are trying to recover with the momentum indicator getting some positive signs. Still, the 50-day simple …

The Canadian dollar achieved noticeable gains at the beginning of this week’s trading, building on the strong support floor at 1.2760. The pair successfully confirmed the breach of the 1.2860 resistance level, recording yesterday’s highest at 1.2934. Technically, we find the 50-day simple moving average that continues carrying the price …

Negative pressure was experienced by the yellow metal prices at the beginning of this week’s trading, after it recorded its highest level during last week’s trading at around $1800 per ounce, to find a strong selling area that forced it to trade negatively. On the technical side, gold is now …

The Canadian dollar succeeded in achieving the negative outlook as we expected during the previous analysis, touching the first target to be touched at 1.2720, recording the lowest level at 1.2725. Technically, and with the pair’s success in breaking the support line as shown on the 4-hour chart, the pair’s …

The technical outlook is unchanged, and there was no change in the gold’s movements, maintaining positive stability within the gradual bullish slope, recording its highest level around the psychological barrier of $1800 per ounce. Technically, and carefully looking at the 4-hour chart, we notice the price stability above the 50-day …

The Canadian dollar declined significantly to start moving within the official descending path after it failed to stabilize for a long time above the resistance level of 1.2880. We mentioned during the previous report that the pair’s failure to maintain trading above 1.2850 renewed the chances of falling to visit …

Gold prices achieved the bullish target posted during the previous analysis, at 1808, recording its highest price of 1808 after the US inflation data. Technically, and by carefully looking at the 4-hour chart, we notice the price stability above the 50-day simple moving average. In addition, we see the precious …

The Canadian dollar is trying to obtain some strength, cancelling yesterday’s decline view. We relied on trading stability during the European session, below 1.2880, to record its highest level at 1.2905. Technically, we find the pair succeeded in relying on the bullish trend support line represented by the price of …

Gold prices achieved the positive outlook as we expected, reaching the first target mentioned in the previous report, at 1797, attacking the psychological resistance level of $1800 per ounce. Today’s technical view indicates the possibility of an upside potential based on the price’s success in surpassing the upside and consolidating …

Negative trading has regained control over the movements of the Canadian dollar after it failed to stabilize for a long time above the strong resistance level published during the previous analysis at 1.2930, which forced it to trade negatively again. Technically, the pair’s current movements are witnessing a return to …