Technical Analysis

DowJones

The USD/CAD pair is trading within a narrow sideways range, supported at 1.3750 and capped by resistance just below 1.3800. Technical Outlook – 4-hour timeframe: Technical indicators point to a possible resumption of the uptrend, backed by the 50-period simple moving average, which continues to provide support. However, early signs …

Oil, Crude, trading

In our previous report, we maintained a bearish outlook, and US WTI crude oil futures extended their decline, recording a low of $62.97 per barrel. Technical Outlook – 4-hour timeframe: Selling pressure remains strong as prices continue to trade below the simple moving averages, which serve as a firm barrier …

Gold prices (XAU/USD) experienced mixed but predominantly negative movement, reaching their lowest level in the previous session at $3,331 per ounce. Technical Outlook – 4-hour timeframe: During mid-day trading yesterday, gold attempted a modest rebound after the Relative Strength Index (RSI) entered sharp oversold territory, triggering limited upside movement. However, …

The euro continues to record gradual and quiet gains against the US dollar, approaching a breakout above the psychological barrier of 1.1700 after touching a high of 1.1697. Technical Outlook – 4-hour timeframe: Technical indicators continue to support the bullish bias, with the 50-period simple moving average acting as a …

DowJones

Mixed price action characterized the USD/CAD pair during the previous trading session, as the pair tested the 1.3770 resistance level, which effectively capped the weak bullish attempts. Technical Outlook: Current technical indicators suggest a potential resumption of the broader downtrend. This is reinforced by continued pressure from the 50-period Simple …

Oil, Crude, trading

In our previous technical report, we maintained a neutral stance due to conflicting signals. However, recent price action has confirmed the continued dominance of the downtrend, with U.S. crude oil futures experiencing renewed bearish pressure in recent hours. Technical Outlook: After testing the strong psychological resistance at $65.00, prices sharply …