Daily Technical Analysis

The downward corrective trend highlighted in the previous report has paused, with the USD/CAD pair beginning the day’s trading on strong footing, posting notable gains. Technical Outlook – 4-hour timeframe: The pair is currently testing the psychological resistance at 1.3800. Simple moving averages have shifted back to support the price …

The GBP/USD pair posted sharp losses in the previous trading session after encountering strong resistance at 1.3550, the prior target level. Technical Outlook – 4-hour timeframe: Current price action reflects a clear bearish bias following a break of the short-term ascending trend line. In addition, the pair continues to trade …

US crude oil futures extended their bullish momentum in line with the outlook from the previous report, climbing to a high near the psychological barrier of $66.00 per barrel. Technical Outlook – 4-hour timeframe: The price is moving within an upward corrective channel, supported by the breakout above the 65.00 …

Gold prices (XAU/USD) extended their rally to fresh all-time highs, continuing the strong bullish trend and recording a new peak at $3,547 per ounce. Technical Outlook – 4-hour timeframe: The broader trend remains firmly bullish, with price action supported by movement along the ascending trend line and continued stability above …

The EUR/USD pair is facing strong selling pressure after failing to sustain stability above the psychological resistance at 1.1700, which acted as a firm barrier and pushed the price back into a negative trajectory. Technical Outlook – 4-hour timeframe: Intraday price action reflects a bearish bias, with the pair trading …

The Dow Jones Industrial Average (DJI30) continued its efforts to preserve recent gains, reaching a new high of 45,688. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support the bullish bias, while the Relative Strength Index (RSI) is generating positive signals that reinforce ongoing upward momentum. …

A bearish corrective trend continues to dominate the USD/CAD pair after failing to sustain gains above the psychological barrier of 1.3800. Technical Outlook – 4-hour timeframe: The pair has broken below the ascending support line, as shown on the chart, alongside the continuation of a negative crossover in the simple …

The GBP/USD pair posted strong gains in the first trading session of the week, supported by weakness in the US dollar, and reached a new high near the 1.3550 target. Technical Outlook – 4-hour timeframe: Intraday price action is showing a mild bearish bias as a result of profit-taking following …

US WTI crude oil futures recorded strong gains after successfully building a base above the psychological support at $63.00, climbing to a high of $65.05 per barrel. Technical Outlook – 4-hour timeframe: The price is trading within an upward corrective channel, supported by its stability above a well-defined ascending trend …

Gold prices (XAU/USD) extended their rally in early trading of the current session, surpassing the previous target at 3,505 and recording a new high at 3,508, reflecting the persistence of strong bullish momentum. Technical Outlook – 4-hour timeframe: The broader trend remains bullish, supported by price action along the ascending …