Technical Analysis

Mixed trading dominated the Dow Jones Industrial Average on Wall Street, as it began the week with a downward price gap. Technical Outlook – 4-Hour Timeframe: The Relative Strength Index (RSI) is showing negative signals, reflecting weak positive momentum. Simultaneously, the simple moving averages are attempting to exert downward pressure …

The USD/CAD pair is currently trending slightly upward, holding above the 1.3675 support level. Technical Outlook – 4-Hour Timeframe: The simple moving averages on the shorter timeframes are attempting to push the price higher, while the Relative Strength Index (RSI) is trying to gain positive momentum, which could lead to …

Negative trading saw the pound move against the US dollar after a positive session that saw it reach a high around the psychological barrier of 1.3600. Technical Outlook – 4-Hour Timeframe: The simple moving averages are forming a resistance level, putting downward pressure on the price due to a bearish …

Mixed trading continues to dominate US crude oil futures prices, lacking a clear direction and influenced by ongoing geopolitical tensions. Technical Outlook – 4-Hour Timeframe: Immediate trading is clearly upward after reaching $79.00. The Relative Strength Index (RSI) reached oversold territory, prompting a quick price rebound. However, the price remains …

Gold prices (XAU/USD) achieved strong gains at the end of last week’s trading, in line with previous positive expectations. These expectations indicated that breaking the resistance level of 4800 could push prices towards 4870, which was indeed achieved with a high of 4891. Technical Outlook – 4-Hour Timeframe: In the …

The EUR/USD pair reached the target mentioned in the previous technical report at 1.1850, hitting a high of 1.1849 before encountering selling pressure. Technical Outlook – 4-Hour Timeframe: In the short term, the pair entered a corrective downtrend influenced by the strength of the US dollar. The price failed to …

The Dow Jones Industrial Average on Wall Street recovered, aligning with our positive expectations, and is gradually rising towards our target of 48,930, reaching a high of 48,893. Technical Outlook – 4-Hour Timeframe: The price remaining above the 50-day simple moving average increases the likelihood of further gains, supported by …

The USD/CAD pair achieved the downward targets outlined in the previous technical report, reaching the official target of 1.3710 and hitting a low of 1.3679. Technical Outlook – 4-Hour Timeframe: The simple moving averages are exerting downward pressure on the price, along with the consistent trading within a descending corrective …

The British pound came under negative pressure against the US dollar as it approached the psychological resistance level of 1.3600, forcing it into a downward trend. Technical Outlook – 4-Hour Timeframe: Despite the downward bias, the simple moving averages are still supporting the price from above. Additionally, positive signals are …

The downward trend continued to dominate the price movements of US crude oil futures, following the bearish trajectory outlined in the previous technical report. Technical Outlook – 4-Hour Timeframe: In the short-term market, the simple moving averages continue to act as dynamic resistance levels, exerting downward pressure on the price …