Daily Technical Analysis

The Dow Jones Industrial Average extended its advance, exceeding the prior target at 47,160 and printing a high at 47,355, keeping the near-term tone constructive. Technical:The 50-period SMA continues to provide a positive impulse, underpinning dips on the 4-hour chart. RSI is holding above the 50 midline, confirming short-term bullish …

USD/CAD turned lower after failing at 1.4060, with price action slipping into negative trades and stabilizing around the 1.4000 pivot as sellers probe for follow-through. Technical:The pair broke its ascending support line, and simple moving averages have flipped to overhead resistance, reinforcing a near-term bearish tilt on the 4-hour chart …

GBP/USD has been range-to-lower, fulfilling the 1.3360 target within the anticipated bearish trajectory. Technical:RSI continues to emit short-term negative signals. Intraday price action remains below the 1.3400 psychological barrier, keeping topside attempts constrained and preserving downside pressure. Base case (downside continuation):Bias stays lower while below 1.3400. A decisive break below …

Gold (XAU/USD) sold off sharply after failing to reclaim the $4,380 pivot, in line with the prior bearish bias. The drop forced a retest of $4,245 and extended to a $4,005 low before stabilizing. Technical:A clear double-top has formed, reinforcing short-term seller control. Price holds below down-sloping SMAs, which are …

EUR/USD extended its decline last session, with sellers repeatedly pressuring the 1.1600 psychological floor amid a persistent short-term downtrend. Technical:Price is tracking a descending sub-channel and remains below the downtrend line, while simple moving averages cap rallies as dynamic resistance—all consistent with continued seller control. RSI is nearing oversold, which …

The Dow Jones Industrial Average on Wall Street achieved the bullish targets in the previous technical report, surpassing the official stop at 46,840 and recording a high of 46,963. Technical Outlook for Today’s Session – 4-Hour Timeframe: The 50-period simple moving average continues to provide a positive impetus, supporting continued …

USD/CAD stays bid, pressing the 1.4050 barrier as buyers attempt a topside break following a constructive start to the session. Technical:RSI has turned higher, flagging improving momentum. Price holds above the 50-period SMA, which is lending dynamic support and aligning with attempts to clear 1.4050. The 1.4000 zone remains the …

GBP/USD remains under bearish control after slipping through the 1.3400 pivot, trading near 1.3387 at the time of writing as sellers press the downside. Technical:The RSI has turned lower, confirming firm negative momentum on the 4-hour chart. Intraday stability below 1.3400 keeps the pressure skewed to the downside and limits …

In the prior note we flagged indecision and said an hourly close above 4,280 would confirm bullish continuation toward 4,350. Since then, gold has held above 4,245, turning that area into a key support while price compresses beneath nearby resistance. Technical (4H):Price action is clearly above 4,245, reinforcing role-reversal support …

EUR/USD reversed the prior upside bias after failing to hold above 1.1640, slipping to an early-session low at 1.1632 and tilting the near-term tone lower. Technical:On the 4-hour chart, price is temporarily below 1.1640, skewing risk to the downside, though the 50-period SMA is still trying to prop price from …