Gold prices experienced significant gains during the previous trading session, in line with the anticipated positive trend, nearing the historical peak recorded around $2144 per ounce and reaching a high of $2141. Analyzing the technical aspects today, particularly on the 4-hour timeframe, we observe that the resistance level at $2144, …
Read More »Euro needs to confirm the trend 6/3/2024
The technical outlook for the EUR/USD pair remains consistent, with no significant deviation from the previous analysis. The pair continues to trade within the established sideways price range, bounded by support near 1.0800 and resistance around 1.0860. Examining the 4-hour chart, we observe that the 50-day simple moving average continues …
Read More »Dow Jones is witnessing a downward trend 5/3/2024
Oil, Crude, trading
Read More »CAD building on support 5/3/2024
The Canadian Dollar pair has made modest upward attempts, finding support around the 1.3510 level and reaching its peak at 1.3585 during the previous trading session. In terms of technical analysis today, we cautiously lean towards a positive outlook, contingent upon the pair maintaining stability above the mentioned support level …
Read More »USD/JPY waiting for a signal 5/3/2024
japanese-yen
Read More »GBP trying positively 5/3/2024
Oil, Crude, trading
Read More »Oil is experiencing temporary negative pressure 5/3/2024
The previous trading session saw mixed activity in US crude oil futures contracts, with prices touching the official target at $80.40 per barrel before retracing slightly. Technically, the resistance level at $80.40 exerted downward pressure on oil prices, prompting a temporary retreat. Currently, prices are hovering near the lower end …
Read More »Gold is flirting with the historical peak 5/3/2024
Gold prices surged in the latest trading session, surpassing the targets outlined in technical reports from the previous week. The precious metal reached a peak of $2118 per ounce, marking a significant milestone in its upward trajectory. Analyzing the 4-hour chart through a technical lens reveals that the simple moving …
Read More »Euro looking for a stronger direction 5/3/2024
The EUR/USD pair has exhibited a slight upward bias during the initial trading sessions of the week. However, this upward momentum has been limited, with the pair struggling to consolidate above the key resistance level of 1.0860. On the technical front, analyzing the 4-hour time frame chart reveals that the …
Read More »Nasdaq facing strong resistance 29/2/2024
Oil, Crude, trading
Read More »