Gold has been trading within a narrow range, confined below the strong support level of 2016 and above the sub-resistance level at 2032, showing little significant change in its movements. In terms of technical analysis on the 240-minute time frame chart, the price has returned to stability above the 2016 …
Read More »Euro is waiting for a signal of movement 23/1/2024
The EUR/USD pair experienced subdued trading in the initial sessions of the past week without notable changes. From a technical perspective, examining the 4-hour time frame chart reveals the euro’s attempt to establish stability above the 1.0890 resistance level. Concurrently, the Stochastic indicator is showing efforts to gain additional momentum …
Read More »Dow Jones trying to recover 19/1/2024
Oil, Crude, trading
Read More »CAD finds strong resistance 19/1/2024
The Canadian dollar displayed a period of calm trading following several consecutive sessions of growth, reaching its highest point around 1.3540, ultimately closing below the psychological resistance level of 1.3500. Examining the technical aspects today, intraday trading remains stable below the psychological barrier of 1.3500. The 14-day momentum indicator is …
Read More »USD/JPY maintain positive stability 19/1/2024
japanese-yen
Read More »GBP: positivity needs confirmations 19/1/2024
Oil, Crude, trading
Read More »Oil is trying to settle above the resistance 19/1/2024
In our recent technical report, we maintained a neutral stance due to conflicting technical signals. We highlighted the pivotal role of breaching the 73.50 resistance level for any upward movement, potentially leading to an increase to 74.40. Consequently, US crude oil futures recorded their highest level at approximately $74.20 per …
Read More »Gold is waiting for a stronger trend signal 19/1/2024
Gold prices experienced a modest upward rebound in the last trading session, attempting to build on the previously established bottom around $2000. In our prior technical report, we highlighted that the consolidation of prices above 2016, and more significantly 2025, could potentially halt the possibility of a further decline. Examining …
Read More »Euro between critical corrections 19/1/2024
We maintained an intraday neutral stance in our previous technical report, citing conflicting technical signals. The EUR/USD pair exhibited limited changes during the last trading session, fluctuating between levels just above 1.0850 and slightly below the psychological resistance barrier of 1.0900. In today’s technical analysis, a closer examination of the …
Read More »Nasdaq: to be monitored 18/1/2024
Oil, Crude, trading
Read More »