Daily Technical Analysis

Gold prices experienced significant losses yesterday, aligning with the downward corrective trend identified in the previous technical report. The price reached the forecasted target of $2375, recording its lowest level at $2366 per ounce. Examining the 4-hour time frame chart, several key technical indicators suggest the continuation of a downward …

The EUR/USD pair maintained its bearish trajectory in the previous session, trading negatively below the 1.0875 resistance level and reaching a low of 1.0817. Technical Analysis A closer examination of the 240-minute chart reveals: Stochastic Indicator: Provides negative signals, supporting the potential for further decline.Moving Averages: Negative intersection of simple …

Oil, Crude, trading

Limited positive trading dominated the Canadian dollar’s movements during the previous session, failing to breach the 1.3675 resistance level and resulting in a negative bias. Technical Analysis Examining the 4-hour chart reveals the following: Stochastic Indicator: Continues to provide negative signals.50-Day Simple Moving Average: Trading stability below this level supports …

Oil, Crude, trading

US crude oil futures experienced a downward trend in the previous session, encountering resistance at $79.60 per barrel, leading to significant declines and reaching a low of $77.67. Technical Analysis Our outlook remains bearish, based on the following technical factors: Resistance Levels: Intraday trading remains below the key psychological resistance …

In the previous trading session, gold prices exhibited a bearish tendency, stabilizing below the main resistance level at $2430 per ounce and reaching a low of $2406. Technical Analysis Examining the 4-hour chart reveals the following: Resistance Levels: Price remains stable below the $2430 resistance.Stochastic Indicator: Showing a gradual loss …

During the previous trading session, the EUR/USD pair exhibited predominantly sideways trading with a bearish bias, failing to breach the 1.0875 resistance level and consequently recording a lower peak. Technical Analysis A closer examination of the 240-minute chart reveals several bearish signals: Stochastic Indicator: Currently providing negative signals, indicating the …

Oil, Crude, trading

Positive momentum continued to drive the movements of the Canadian dollar, aligning with the anticipated upward trajectory outlined in the previous technical report. The currency successfully reached the official targets at 1.3750 and 1.3790, achieving its peak during the morning trading session at 1.3783. Today’s technical analysis leans towards positivity, …