Daily Technical Analysis

U.S. crude oil futures attempted to rise, reaching a high of $70.51 per barrel but failed to maintain stability above the key psychological resistance at $70.00. From a technical perspective, the 4-hour chart indicates bearish momentum, as the Relative Strength Index (RSI) remains below the 50 midline, coupled with a …

Gold prices suffered heavy losses at the end of last week’s trading amid profit-taking, reaching a low of $2,832 per ounce. From a technical analysis perspective, the 4-hour chart shows clear negative crossover signals on the simple moving averages, reinforced by bearish indications on the 14-day momentum indicator. Given these …

The euro experienced a sharp decline against the U.S. dollar at the end of last month’s trading session, reaching a low of 1.0360. From a technical analysis perspective, a closer look at the 4-hour chart reveals that the simple moving averages are negatively intersecting, reinforcing the daily downward price trend. …

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