Daily Technical Analysis

Oil, Crude, trading

The downtrend continues to dominate the Canadian dollar’s movements, with the pair recording a session low of 1.3674 in the previous trading session—a level that acted as solid support, temporarily halting further losses. From a technical perspective, the 4-hour chart shows the pair attempting to recover from oversold conditions. However, …

Oil, Crude, trading

US crude oil futures surged, gaining over 3.00% and reaching a high of $63.84 per barrel. Technically, after reaching this level, price action became more volatile, but the broader daily trend remains bullish. The 4-hour chart shows that the simple moving averages continue to provide dynamic support, particularly around $61.80. …

Gold prices saw large, broad movements during the previous trading session, fueled by strong upward momentum that pushed the price to a high of $3,392 per ounce. From a technical perspective, the 4-hour chart shows that the simple moving averages continue to support the daily uptrend. However, negative signals are …

Positive trading dominated the EUR/USD pair’s movements during the first trading session of the week, benefiting from weakness in the U.S. dollar. The pair reached a session high of 1.1455. From a technical perspective, the bias remains tilted toward positivity, supported by the pair’s stability above the simple moving averages, …

Oil, Crude, trading

Positive trading has returned to the Canadian dollar after it found solid demand near the psychological barrier of 1.3800, sparking a modest upward bounce. From a technical perspective, the 4-hour chart shows the pair attempting to shake off the negative pressure stemming from overbought conditions, while the simple moving averages …

Oil, Crude, trading

US crude oil futures reversed the expected downward trend outlined in the previous technical report, which was based on trading stability below the key resistance level at $61.90. Instead, the market shifted to a more positive tone, with intraday movements showing a clear upside bias. Prices are currently hovering near …