During the previous trading session, US crude oil futures exhibited mixed movements amid varied trading patterns. The prices briefly touched the stop losses mentioned in the previous report at $82.70, reaching a peak at $83.40. However, this level acted as a robust resistance, prompting a decline and causing oil to …
Read More »Gold requires careful consideration 2/11/2023
The formidable resistance level identified in the previous analysis at $1991 exerted significant downward pressure on gold prices, causing it to trade negatively and ultimately break the $1977 mark. Gold came within a few points of reaching the initial target of $1967, reaching its lowest point at $1969 per ounce. …
Read More »Euro is waiting for a signal 2/11/2023
The EUR/USD pair reached the initial bearish target set in the previous technical report at 1.0530, hitting its lowest point at 1.0515. Regarding technical analysis today, the pair experienced an upward rebound after approaching the psychological support level of 1.0500. This led to a retest of the 1.0600 resistance, around …
Read More »Nasdaq Demands Attentive Monitoring 1/11/2023
Oil, Crude, trading
Read More »Dow Jones recovers ahead of Fed decision 1/11/2023
Oil, Crude, trading
Read More »CAD achieves the first goal 1/11/2023
During the previous trading session, the Canadian dollar successfully reached the initial target set at 1.3875, reaching its highest point at 1.3892. From a technical perspective, our analysis leans toward optimism. The 50-day simple moving average continues to support the potential for an upward movement. Additionally, intraday trading stability above …
Read More »USD/JPY achieve record gains 1/11/2023
japanese-yen
Read More »GBP: negative pressure still intact 1/11/2023
Oil, Crude, trading
Read More »Oil continues to suffer losses 1/11/2023
US crude oil futures prices have sustained losses as anticipated in the previous report, reaching the initial target of $81.15 and touching a low of $80.80 per barrel. Upon analysis of the 240-minute timeframe, the trading remains stable below $82.00 and, more broadly, under the resistance level of $82.70. This …
Read More »Gold: Has the downward correction begun? 1/11/2023
Gold prices followed the pattern outlined in the last technical report, successfully retesting the officially designated target at $1977. Today’s session began with continued pressure on this level. Upon a detailed analysis of the 240-minute timeframe chart, it’s evident that the simple moving averages are exerting downward pressure on the …
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