Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures have shown a strong upward momentum, crossing a key resistance level at 68.65, signaling a shift toward a potential bullish trend. Technical Analysis Overview:On the 240-minute chart, the technical setup is promising, with the 14-day momentum indicator attempting to generate positive signals. Furthermore, the 50-day simple …

Gold prices showed strong upward momentum in the previous session, successfully building on the support level of 2567 and reversing the anticipated downward trend from the prior analysis. As highlighted earlier, surpassing 2604 was a significant catalyst, paving the way for a potential shift toward an upward trajectory, with prices …

The Euro made some gains against the US Dollar during the previous trading session, attempting to retest the psychological barrier resistance level at 1.0600. From a technical standpoint, the pair is currently hovering around this resistance, which aligns with the 23.60% Fibonacci correction on the 4-hour chart. The Stochastic indicator …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures experienced sharp declines at the start of the week, bottoming out at $66.84 per barrel. From a technical standpoint, the 4-hour chart reveals that oil prices have decisively broken below the support level of $68.65. The persistent downward pressure from the simple moving averages continues to …