Daily Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices experienced mixed trading in the previous session, encountering resistance at the 83.90 level and failing to break through. However, the price remains within the bullish context and is supported by the 50-day simple moving average around 82.50. Technical Outlook: On the 4-hour chart, the price …

Gold prices have broken out of the previous sideways range, consolidating above the 2340 resistance level (23.60% Fibonacci retracement) as anticipated in our previous analysis. This breakout signals a potential shift in momentum towards a bullish trend. Technical Outlook: On the 4-hour chart, the price is now trading above the …

After four sessions of consolidation due to conflicting signals, the EUR/USD pair has decisively broken above the key 1.0760 resistance level (50.0% Fibonacci retracement), reaching a high of 1.0824 in early trading today. Technical Outlook: On the 4-hour chart, the pair is now holding above the psychological resistance of 1.0800, …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices reached our previously identified target of 84.20, peaking at $84.35 per barrel, before experiencing a slight pullback to retest the 83.00 level. Technical Outlook: Despite the recent correction, the technical outlook remains bullish. The 240-minute chart reveals that the simple moving averages (SMAs) are still …