Daily Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar exhibited a notable upward momentum, aligning with the anticipated positive outlook and reaching the initial target specified in the previous technical report at the price of 1.2625. The pair achieved its highest level at 1.3620. Upon closer examination of the 4-hour chart from a technical perspective, the …

japanese-yen

Oil, Crude, trading

Mixed trading characterized the US crude oil futures contracts in the previous session, ultimately registering a low at $68.83 per barrel. From a technical standpoint, the $68.80 level effectively mitigated the bearish inclination, prompting a rebound in oil prices. Presently, movements exhibit stability above the psychological barrier of $70.00. A …

The technical outlook remains unchanged, and gold prices maintain negative stability. We did not witness major movements during the previous trading session, so the price stabilized momentarily below the 2035 resistance level, and most importantly 2040. Technically, today, by looking at the 4-period chart, we find that the simple moving …

In the preceding trading session, the EUR/USD pair exhibited a predominantly narrow-range side trading pattern, maintaining stability beneath the pivotal support level of 1.0760 and above the resistance threshold at 1.0820. A closer examination of the 240-minute timeframe chart reveals that the 50-day simple moving average continues to exert downward …

Oil, Crude, trading

Oil, Crude, trading