Daily Technical Analysis

After several consecutive sessions marked by a sideways price range confined between 1.0760 and 1.0800, the euro experienced a surge against the US dollar. This upward movement was supported by the decline of the dollar following the Federal Reserve Committee’s statement on stabilizing interest rates. From a technical perspective, the …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar successfully reached the initially targeted level at 1.3540, establishing a robust support base that propelled the pair towards an upward rebound, testing the formidable resistance level at 1.3620. From a technical standpoint today, our trading sentiment leans towards positivity, underpinned by the price’s consolidation above the aforementioned …

japanese-yen

Oil, Crude, trading

The US crude oil futures contracts experienced a resurgence of negative trades, resuming their downward trajectory after encountering a formidable resistance level around the psychological barrier of 72.00, resulting in significant losses. It’s worth noting that in a previous analysis, we highlighted the importance of a break below 70.50 as …

The technical outlook for gold remains unchanged, with no significant shifts in its movements and a persistent negative stability below the crucial $2000 psychological barrier resistance level. In the realm of technical analysis today, a closer examination of the 4-hour time frame chart reveals sustained negative pressure from the simple …

We have maintained a neutral stance for the third consecutive session, primarily due to conflicting technical signals and the pair’s trading range within the confines of 1.0760 as the lower boundary and 1.0820 as the upper boundary. Upon closer examination of the 240-minute time frame chart from a technical perspective, …

Oil, Crude, trading