Daily Technical Analysis

Positive trading has re-emerged in the pair, supported by stability above the 1.3770 level. Technical Outlook: Relative Strength Index (RSI): Returning to send short-term positive signals, reflecting renewed buying attempts. Simple Moving Averages (SMA): Acting as dynamic resistance, still exerting pressure on the price from above. Probable Scenario:With mixed signals …

The pair opened the week under pressure after touching the 1.3560 resistance level, which triggered a wave of negative trading. Technical Outlook: Relative Strength Index (RSI): The indicator is beginning to show early positive signs, likely reflecting temporary relief from oversold conditions, which may briefly limit additional downside pressure. 50-period …

US crude oil futures opened with a bearish gap, touching a low of $62.44 per barrel during early trading. Technical Outlook: Simple Moving Averages (SMA): Pressuring the price from above, acting as dynamic resistance that may hinder recovery attempts. Relative Strength Index (RSI): Stabilizing below the 50 level, confirming the …

Gold opened the session with an upward bias, recording a daily high of $3,697 per ounce, supported by favorable technical factors. Technical Outlook:Price action remains underpinned by stability above the simple moving averages, which continue to act as dynamic support for the uptrend. However, the Relative Strength Index (RSI) has …

The pair reversed from the 1.1800 psychological resistance, recording 1.1792, with bearish momentum returning to dominate intraday movements. Technical Outlook:The negative crossover of the simple moving averages continues to act as dynamic resistance, weighing on price action. Although the Relative Strength Index (RSI) briefly cleared the oversold zone, it has …

The index extended its gains in the previous session, recording a high near 45,990, but short-term indicators suggest cautious trading. Technical Outlook: Moving Averages: The 50-period SMA is exerting slight downward pressure, hinting at potential short-term corrective moves. Momentum Indicators: The RSI is showing negative signals, reinforcing the likelihood of …

The pair extended its negative bias after breaking the ascending trend line, confirming downside pressure. Technical Outlook: Price Action: Intraday movements lean lower as the 50-SMA and other short-term averages now act as dynamic resistance. Trend Line: The clear break of the ascending trend line reinforces the bearish structure. Probable …

The pair extended its advance in line with previous expectations, reaching the projected target at 1.3675, which also marked the session high. Technical Outlook: RSI: The Relative Strength Index is starting to issue negative signals, hinting at a potential short-term slowdown in bullish momentum. 50-SMA: The 50-period Simple Moving Average …

US crude futures extended their intraday bullish momentum, as anticipated, after breaching the $63.85 resistance, reaching the official target at $64.60 and printing a session high of $64.72 per barrel. Technical Outlook: Moving Averages: The simple moving averages continue to provide dynamic support from below, reinforcing the bullish bias. RSI: …

Gold (XAU/USD) Technical Analysis – 4H Chart Gold prices extended their bullish momentum in the last session, reaching the first target at $3,705 and printing a session high of $3,703 per ounce, setting a fresh all-time record. Technical Outlook: After touching the $3,700 psychological barrier, intraday price action showed a …