Daily Technical Analysis

Oil, Crude, trading

In the latest trading session, US crude oil futures contracts notched a significant milestone by hitting the initial target set at $74.00, culminating in a peak of $74.24 per barrel. Technical Analysis: Moving Averages and Relative Strength Index Signal Positivity A technical analysis reveals that simple moving averages are exerting …

In the recent trading session, gold prices exhibited a pattern of short-term sideways movement with a bullish bias, aligning with previous technical analyses that highlighted the significance of surpassing the $2040 threshold. Notably, gold reached its pinnacle at $2044 per ounce, signaling upward momentum. Technical Insights: Balancing Negative Pressure with …

Euro/Dollar Pair Navigates Quiet Trading Session with a Positive Bias In the previous trading session, the Euro/Dollar pair demonstrated a subdued yet favorable trajectory, aligning with the anticipated bullish momentum. Notably, the Euro commenced its advance towards the critical 1.0780 resistance level, indicating a potential breakthrough on the horizon. Establishing …

The Canadian dollar has validated the anticipated downward trajectory outlined in our previous technical analysis report, reaching the retest target of 1.3470 as forecasted, with a recorded low of 1.3474 during early morning trading. Technical Analysis: Bearish Bias Intact Assessing the technical landscape today, our analysis maintains a bearish stance, …

japanese-yen

Oil, Crude, trading

US Crude Oil Futures Surge, Meeting Expected Targets The anticipated upward trajectory in US crude oil futures contracts materialized as forecasted, with prices reaching and surpassing the initial target outlined in our previous technical analysis, touching $73.60 and soaring to a peak of $73.78 per barrel. Technical Analysis: Positive Signals …

Gold Prices Display Limited Upside Amidst Technical Pressures Gold prices exhibited modest upward movements during the preceding trading session, albeit with constrained momentum. In our previous analysis, we maintained a stance of intraday neutrality, awaiting either a breakout above the 2016 resistance or confirmation of a breakout below the 2035 …

The EUR/USD pair has demonstrated resilience as it found solid support near the 1.0720 level, initiating today’s trading session with a commendable effort to rebound. Currently, the pair hovers around the critical resistance level of 1.0765, reflecting the market’s ongoing battle for direction. Technical Analysis: Mixed Signals Amidst Intriguing Dynamics …