Daily Technical Analysis

japanese-yen

Oil, Crude, trading

US crude oil futures witnessed mixed trading during the previous session, experiencing fluctuations between upward and downward movements. The price ranged from its lowest point at $73.74 to the highest near $79.00 per barrel. A detailed analysis of the 4-hour chart reveals the simple moving averages exerting downward pressure on …

Gold prices successfully reached the initial target mentioned in the previous technical report, hitting $2065 per ounce, marking the highest level in the current upward wave. The current technical analysis suggests a potential continuation of the upward trend, supported by positive signals from the simple moving averages. Intraday trading stability …

The euro exhibited positive momentum against the US dollar, driven by the proximity to a robust support level at 1.0770, marked by the 38.20% Fibonacci retracement. Examining the 4-hour time frame chart from a technical standpoint, the mentioned support level prompted a retest of the formidable resistance at 1.0875, coinciding …

Negative momentum dominated the movements of the Canadian dollar, coming within a few points of the first official target set in the previous report at 1.3380, reaching its lowest level at 1.3397. In today’s technical analysis, a bearish sentiment is favored in our trading outlook, relying on the intraday stability …

japanese-yen

Oil, Crude, trading

Yesterday, positive movements dominated US crude oil futures contracts, aligning with the anticipated bullish context and reaching a peak at $78.11 per barrel. From a technical perspective, the upward momentum faced resistance at the psychological barrier of $78.00, leading to a temporary downward bias. A closer examination reveals that the …

In the previous trading session, gold exhibited a strong upward trend, meeting the initial targets outlined in the preceding technical report at $2040 and $2048, reaching its highest level at $2048 per ounce. From a technical standpoint, the $2048 level exerted negative pressure on the price, prompting a retest of …