The Canadian dollar pair defied the bearish expectations outlined in our previous report. The negative scenario had depended on sustained trading below the key resistance level at 1.3685. However, the pair managed to stage a short-term bullish technical rebound, invalidating the earlier downside bias. Technical Outlook – 4-Hour Timeframe: The …
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Oil, Crude, trading
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We maintained a neutral stance in our previous report due to conflicting technical signals, clarifying that a steady break above the key resistance level at 68.00 could provide additional support for the upward movement. This has already happened, with the price successfully reaching 68.87. Technical Outlook – 4-Hour Timeframe: The …
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Gold prices failed to maintain their upward momentum and began today’s session under renewed selling pressure, breaching the key support level at $3295 — a level we previously identified as a critical threshold for sustaining the bullish outlook. In early trading, gold dipped to a low of $3284 at the …
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The EUR/USD pair has successfully activated the expected bearish scenario outlined in the previous technical report, reaching the first corrective target at 1.1690 and recording a session low of 1.1682. Technical Outlook – 4-Hour Timeframe: The technical picture continues to show bearish pressure on the pair. The 50-period Simple Moving …
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Oil, Crude, trading
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During yesterday’s trading, the Canadian dollar faced strong resistance near 1.3685, which effectively capped the upside and pressured the pair lower. At the time of writing, USD/CAD is trading around 1.3655, remaining under the influence of that resistance zone. Technical Indicators The simple moving averages are acting as dynamic resistance, …
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Oil, Crude, trading
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After a sustained period of strong declines, U.S. crude oil prices staged a bullish technical rebound in the previous session, reaching a session high of $68.25 per barrel. Technical Outlook – 4-Hour ChartThe current technical landscape reveals mixed signals: The simple moving averages have shifted to provide support from below, …
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Gold prices recorded a strong session of positive movement, rebounding sharply after finding firm support at the key $3295 level. The recovery led to an intraday high of $3345 per ounce, highlighting a technical bounce from oversold territory. Technical Outlook – 4-Hour TimeframeThe $3345 zone is currently acting as a …
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