Technical Analysis

Oil, Crude, trading

The Canadian dollar retreated, moving away from its recent high of 1.4306, initiating a downward correction. Currently, the pair is stabilizing near its session low of 1.4166. Technical Analysis On the 4-hour chart, the simple moving averages (SMA) are exerting negative pressure on the price, reinforcing the possibility of continued …

Oil, Crude, trading

U.S. crude oil futures continued their upward momentum for the third consecutive session, reaching a high of $73.11 per barrel. Technical Analysis On the 4-hour chart, a bullish crossover of the simple moving averages (SMA) supports the potential for further gains. However, Stochastic indicators suggest a loss of upward momentum, …

Gold Hits Record Highs Before Facing Profit-Taking Pressure Gold prices extended their rally in the previous trading session, surpassing the key $2,950 per ounce target and reaching a new high of $2,954. Technical Analysis Despite the strong long-term bullish trend, intraday movements indicate a bearish pullback due to profit-taking and …

The EUR/USD pair maintained its upward trajectory during the previous trading session, aligning with expectations outlined in the last technical report. The pair is now testing the psychological resistance level of 1.0500, signaling potential for further gains. Technical Outlook A closer look at the 4-hour chart indicates strong bullish momentum, …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US Crude Oil (WTI) Technical Analysis US crude oil futures saw temporary positive movements, reaching $71.47 per barrel during this morning’s trading. Technical Outlook: Bearish Signals: The simple moving averages (SMA) continue to pressure the price from above. The Stochastic indicator is losing upward momentum, signaling potential weakness. Key Support …