Daily Technical Analysis

US crude oil futures exhibited significant gains in the previous session, in line with expectations, reaching the officially targeted station outlined in the preceding technical report at $77.30 and marking a peak at $77.46 per barrel. A technical analysis on the 4-hour timeframe chart reveals the continued influence of simple …

Gold experienced positive trading during the initial sessions of the week, breaking free from a recent period of sideways movement. The precious metal established a robust support level around the 2016 mark. From a technical perspective today, the outlook tends towards optimism, relying on the stability of trading above the …

The euro traded in negative territory against the US dollar in the previous session, following the anticipated bearish movement outlined in the recent technical report. The currency touched the initial target at $1.0810, reaching a low of $1.0796. From a technical standpoint, a closer examination of the 4-hour chart reveals …

Limited positive attempts dominated the movements of the Canadian dollar temporarily, hitting the resistance level of 1.3535, which succeeded in limiting the upward tendency. From a technical analysis standpoint, today prices are witnessing stability below the psychological barrier resistance level of 1.3500, and with a closer look at the 4-hour …

japanese-yen

Oil, Crude, trading

US crude oil futures exhibited significant gains in the previous session, in line with expectations, reaching the officially targeted station outlined in the preceding technical report at $77.30 and marking a peak at $77.46 per barrel. A technical analysis on the 4-hour timeframe chart reveals the continued influence of simple …

Gold prices demonstrated limited movements in the previous trading session, characterized by a prevailing downward trend. As highlighted earlier, breaching the 2016 level aims for a touchpoint at 2005, potentially reaching its lowest level at $2009 per ounce. From a technical standpoint, the price has returned to stability above the …

The Euro/Dollar pair experienced predominantly negative trading dynamics in the previous session, influenced notably by the decisions of the European Central Bank, marking its lowest point at 1.0820. In terms of technical analysis today, a detailed examination of the 4-hour timeframe chart reveals the pair’s intraday trading stability below the …

The Canadian dollar displayed notable gains in the wake of the Central Bank of Canada’s decision, defying the previously anticipated negative outlook that was contingent on maintaining stability below the psychological resistance barrier of 1.3500. From a technical analysis perspective today, intraday movements of the pair are holding steady above …