Canadian equities rebounded sharply on Thursday after the previous session’s decline, driven by growing optimism over easing tensions in the Middle East. Investor sentiment improved following Israel and Lebanon’s agreement to renew a ceasefire, while the U.S. and Iran confirmed that diplomatic talks aimed …
From a technical perspective, the index is approaching a key horizontal resistance zone near the 35,000 level, which continues to cap near-term upside momentum and represents an important test of the broader trend. As long as the index remains below this resistance area, the …
Canadian stocks fell on Wednesday, giving back part of the previous session’s gains as renewed attacks in the Middle East disrupted progress toward a U.S.-Iran peace agreement and postponed the anticipated reopening of the Strait of Hormuz.
From a technical standpoint, the index remains above its 21-day SimpleMoving Average(SMA), which continues to provide dynamic support and reinforces the broader bullish trend. Momentum remains constructive, with the 14-day RSI at 65.84, reflecting strong buying interest while remaining below overbought territory, leaving scope …
Canadian stocks rebounded sharply on Tuesday, recovering the previous session’s losses and reaching a new intraday record high as investors reacted positively to U.S. President Donald Trump’s indication that negotiations between the United States and Iran would continue without interruption.
The S&P/TSX Compositeindexis expected to open on a positive note, supported by strength in the technology and energy sectors from the previousTrading session. From a technical standpoint, the index is approaching a significant horizontal resistance zone near the 35,000 level, which continues to limit …
Canadian stocks declined on Monday as stalled U.S.–Iran peace efforts and Iran’s refusal to participate in negotiations following Israeli attacks in Lebanon heightened geopolitical tensions, while the continued blockage of the Strait of Hormuz disrupted oil and energy trade.
The S&P/TSX Compositeindexis expected to open on a positive note, supported by gains in the technology and financial sectors from the previousTrading session. From a technical perspective, the index is approaching a key horizontal resistance zone near the 35,100 level, which continues to cap …
Canadian stocks posted modest gains on Friday as investors reacted positively to progress in U.S.-Iran negotiations aimed at ending the conflict. However, the release of economic data suggesting the economy has technically entered aRecessiontempered investor enthusiasm, limiting stronger market advances.
From a technical perspective, the index continues to trade above its 21-day SimpleMoving Average(SMA), which remains an important dynamic support level and supports the broader bullish trend structure. Momentum indicators also remain constructive, with the 14-day Relative Strength Index (RSI) near 57.66, indicating healthy …