Daily-Wrap

From a technical standpoint, the index continues to trade near a crucial risingTrendlineresistance around the 34,300 level, which is capping near-term upside momentum and indicating underlying fragility in the broader trend. As long as the index remains below this resistance zone, the short-term outlook …

Canadian stocks advanced on Friday as Iran is reviewing the U.S. peace proposal to end the war and reopen the Strait of Hormuz, boosting market sentiments and easing inflationary pressure.

From a technical perspective, the index continues to trade above its 50-day SimpleMoving Average(SMA), which is acting as a reliable dynamic support level and reinforcing the broader positive trend structure. Momentum indicators also remain supportive, with the 14-day Relative Strength Index (RSI) near 57.26, …

Partially reversing yesterday’s gains, Canadian stocks edged lower on Thursday amid reports that Iran, while preparing a response to the U.S. peace proposal aimed at ending the war, has introduced new regulations for vessels transiting the Strait of Hormuz to reinforce its authority over …

However, from a technical standpoint, the index continues to trade near a crucial risingTrendlineresistance around the 33,700 level, which is capping near-term upside momentum and indicating underlying fragility in the broader trend. As long as the index remains below this resistance zone, the short-term …

Canadian stocks rebounded strongly on Wednesday after Tuesday’s decline, amid reports that the U.S. and Iran are nearing an agreement to hold talks aimed at permanently ending the Gulf conflict.

However, from a technical perspective, the index continues to trade near a key risingTrendlineresistance around the 34,200 level, which is limiting near-term upside and signalling underlying fragility in momentum. As long as the index remains below this resistance zone, the short-term outlook is likely …