Gold exhibited an upward trend during the recent trading session, aligning with the anticipated upward trajectory and nearing the initial target set at the price of 1997. The precious metal recorded its highest point at $1993 per ounce. Examining the technical aspects today, a closer look at the 4-hour timeframe …
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The Euro gained ground against the US dollar in the final trading sessions of last week, successfully consolidating above the critical resistance level of 1.0870. This consolidation serves as a compelling factor, effectively halting the anticipated downward trend. Consequently, the pair is poised to resume its upward trajectory, setting targets …
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Oil, Crude, trading
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Oil, Crude, trading
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Positive trading dominated the movements of the Canadian dollar in the previous trading session, aligning with the anticipated bullish trend and reaching the initial target at 1.3750, marking its peak at 1.3777. From a technical standpoint, a detailed analysis of the 4-hour timeframe chart reveals the pair’s establishment of stability …
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japanese-yen
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Oil, Crude, trading
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US crude oil futures prices experienced significant losses in line with the anticipated negative outlook, reaching the specified official targets at 74.10 and marking its lowest point at $72.22 per barrel. Technically, the pressure from the simple moving averages persists from above, reinforcing the potential continuation of the current downward …
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In the preceding two technical reports, we maintained an intraday neutral stance. We highlighted the necessity for price consolidation above 1977 to trigger buying positions, targeting 1983 and 1992. The first target was achieved, reaching its peak at $1988 per ounce. Today’s technical analysis, examining the 240-minute chart, reveals gold’s …
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In the recent trading session, the EUR/USD pair made tentative positive moves; however, they remained constrained, leading to a return to stability below the key 1.0870 resistance level. Examining the 4-hour chart from a technical standpoint today, indications point to a bearish shift. The Stochastic indicator reflects a negative crossover, …
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