Daily Technical Analysis

The Dow Jones Industrial Average posted losses during the previous trading session after reaching a high of 48,745. Technical Outlook – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) has started to apply downward pressure on the index, increasing short-term negative momentum. At the same time, the Relative Strength Index …

After several consecutive sessions of decline, the USD/CAD pair recorded limited upside during the previous trading session. Technical Outlook – 4-Hour Timeframe: The pair has eased its sharp oversold conditions, supported by emerging positive signals from the Relative Strength Index (RSI), which helped generate modest upward momentum. However, simple moving …

The GBP/USD pair attempted to move higher at the start of the week, reaching a peak near 1.3428 before facing resistance. Technical Outlook – 4-Hour Timeframe: The pair was rejected from this level, triggering a short-term bearish correction. The Relative Strength Index (RSI) has started to generate negative signals on …

Selling pressure continues to dominate US crude oil futures, with prices opening today’s session lower near $55.30. Technical Outlook – 4-Hour Timeframe: Prices are trading along a descending trendline, reinforcing the bearish bias, while simple moving averages are forming strong resistance levels. This outlook is further supported by clear negative …

Mixed movements continue to dominate XAU/USD within a short-term upward trend. Technical Outlook – 4-Hour Timeframe: Intraday price action shows a downward bias due to trading below the 4300 resistance level, while the Relative Strength Index (RSI) is working to ease overbought conditions. At the same time, the 50-day Simple …

The EUR/USD pair continues its gradual upward attempts, reaching a high of 1.1770 during the previous session. Technical Outlook – 4-Hour Timeframe: The pair has formed solid support near the psychological level of 1.1700, supported by price stability above the simple moving averages, which are acting as dynamic support, alongside …

An upward trend continues to dominate the Dow Jones Industrial Average, reaching a high of 48,183. Technical Outlook – 4-Hour Timeframe: The 50-period Simple Moving Average (SMA) continues to support the broader daily uptrend and provides positive momentum for price movements. The Relative Strength Index (RSI) is also generating positive …

The USD/CAD pair is experiencing a sharp decline within a strong downward trend after breaking the key support level at 1.3900. Technical Outlook – 4-Hour Timeframe: The simple moving averages continue to apply downward pressure from above, with no dynamic resistance in place, while the pair moves along a steep …

An upward trend dominated the GBP/USD pair at the end of last week’s trading, reaching a high of 1.3363. Technical Outlook – 4-Hour Timeframe: Simple moving averages continue to provide positive momentum, supporting ongoing upward attempts. This is reinforced by positive divergence signals on the Relative Strength Index (RSI), along …

US crude oil futures extended the upward trend highlighted in the previous technical report, reaching the first target at $60.00 and coming within a few points of the next target at $60.60, after recording a high of $60.45. Technical Outlook – 4-Hour Timeframe: Prices continue to move along a minor …