The EUR/USD pair has experienced positive trades in early week trading but faces resistance at the 1.0760 level (50.0% Fibonacci retracement). Technical Outlook: On the 4-hour chart, the pair is consolidating below 1.0760, but the simple moving averages (SMAs) are providing support from below, suggesting potential for further upside. However, …
Read More »Dow Jones: Cautionary Negative Outlook 26/6/2024
Oil, Crude, trading
Read More »USD/JPY: Correction Expected After Reaching Resistance 26/6/2024
japanese-yen
Read More »GBP/USD: Negative Bias Persists with Downside Potential 26/6/2024
Oil, Crude, trading
Read More »WTI: Upside Potential Remains, But Breakout Needed for Further Gains 26/6/2024
US crude oil futures prices experienced a pullback after several days of gains, failing to hold above the 81.50 resistance level and retesting the 80.60 support level. Technical Outlook: Despite the recent decline, the technical outlook remains cautiously bullish. The price is currently attempting to rebound and retest the 81.50 …
Read More »Gold: Bearish Trend Continues, Downside Potential Remains 26/6/2024
Gold prices remain under bearish pressure, continuing the downward trajectory as anticipated in our previous technical report. The price has reached a low of $2310 per ounce, confirming the ongoing downtrend below the pivotal resistance level of 2340. Technical Outlook: The technical outlook remains unchanged, with the price consistently trading …
Read More »EUR/USD: Sideways Movement Continues, Key Levels to Watch for Breakout 26/6/2024
The EUR/USD pair experienced narrow sideways movement in the previous session, as we maintained our neutral stance due to conflicting technical signals. Technical Outlook: On the 240-minute chart, the pair is currently holding above the 1.0690 level and the main support level at 1.0675. This suggests the potential formation of …
Read More »Dow Jones: Bullish Momentum Drives Towards 40,000 25/6/2024
Oil, Crude, trading
Read More »USD/JPY: Temporary Correction Expected After Reaching Target 25/6/2024
japanese-yen
Read More »GBP/USD: Negative Bias Emerges Despite Previous Gains 25/6/2024
Oil, Crude, trading
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