Daily Technical Analysis

GBP/USD Technical Analysis The bullish trend dominated the price action of the GBP/USD pair during the previous trading session, after the pair successfully established a constructive foothold above the pivotal 1.3420 support — a development that has strengthened the prospects of an extended upside move over the short term. Technical …

US Crude Oil (WTI) Technical Analysis US crude oil futures successfully delivered a powerful technical rebound in line with our previous bullish projections, with prices reaching the formal target of $91.30 before extending the advance to an intraday high of $94.70 per barrel. Technical Outlook – 4-Hour Timeframe: On the …

Gold (XAU/USD) Technical Analysis Gold prices reversed the bullish trajectory projected in our previous technical report — which had hinged on the importance of trading remaining anchored above the $4,486 level. As a reminder, we had previously flagged that the price’s failure to defend this level would bring selling pressure …

EUR/USD Technical Analysis The EUR/USD pair continues to drift higher within the projected positive trajectory, though the gains remain contained as the price has yet to clear the pivotal resistance at 1.1680. Technical Outlook – 4-Hour Timeframe: The pair is navigating within an ascending price channel, which underpins the short-term …

Dow Jones Industrial Average (DJIA) Technical Analysis A powerful bullish trend has dominated the Dow Jones Industrial Average on the New York Stock Exchange, with the index decisively breaching the 51,000 mark and climbing to an intraday high of 51,165. Technical Outlook for Today’s Session – 4-Hour Timeframe: With respect …

Positive trading dominated the USD/CAD pair, recovering some of the losses from previous sessions. In the short term, the pair is attempting to break through the 1.3820 resistance level. Technical Outlook – 4-Hour Timeframe Regarding the short term, we maintain a cautiously positive outlook, supported by the 50-day simple moving …

GBP/USD Technical Analysis Positive momentum has returned to the GBP/USD pair across intraday trading, with the pair successfully clawing back a portion of its previous losses on the back of an improvement in buying momentum. Technical Outlook – 4-Hour Timeframe: Within the intraday landscape, the simple moving averages continue to …

US Crude Oil (WTI) Technical Analysis US crude oil prices encountered intense selling pressure across recent trading sessions, sliding to an intraday low of $86.38 per barrel before mounting an attempt to claw back some of the losses. Technical Outlook – 4-Hour Timeframe: On the short-term horizon, oil is working …

Gold (XAU/USD) Technical Analysis Gold prices are currently navigating a modest downside move as part of natural profit-taking activity in the wake of the strong gains the precious metal harvested at the close of last week’s trading. Technical Outlook – 4-Hour Timeframe: Despite the prevailing selling pressure — driven by …

EUR/USD Technical Analysis The EUR/USD pair encountered pivotal resistance in the vicinity of the 1.1680 level, which successfully capped the bullish momentum and triggered a limited downside correction in the wake of recent gains. Technical Outlook – 4-Hour Timeframe: The price’s failure to establish a foothold above 1.1680 paved the …