Technical Analysis

U.S. crude oil futures attempted to recover a portion of their previous losses, reaching an intraday high of $60.14 per barrel during the prior trading session. However, the broader trend remains under pressure amid persistent bearish sentiment. Technical Overview The simple moving averages (SMAs) continue to weigh on price action …

Gold prices continue to post sharp consecutive gains, extending the strong bullish trend and marking a new record high at $4,180 per ounce at the time of writing. The move is supported by increased demand for safe-haven assets amid persistent market uncertainty. Technical Overview The price has successfully stabilized above …

The EUR/USD pair remains under broad downside pressure, consistent with the bearish trend highlighted in previous reports. The pair extended its gradual decline, recording a new low near 1.1555, as sellers continue to dominate market sentiment. Technical Overview The overall trend remains decisively bearish, with price action holding below the …

The Dow Jones Industrial Average declined during the previous Wall Street session after testing the 46,930 resistance level, which triggered renewed selling pressure and a shift toward negative price action. Technical Overview 50-Period Simple Moving Average (SMA): The index remains under pressure from the SMA, which continues to act as …

The USD/CAD pair extended its gradual upward movement, successfully breaching the key psychological resistance at 1.4000, reaching the target level of 1.4020 and marking an intraday high at 1.4034. Technical Overview The Relative Strength Index (RSI) continues to issue short-term positive signals, supporting the prevailing bullish momentum. Meanwhile, the pair …

The GBP/USD pair extended its sharp decline within the bearish framework highlighted in the previous report, breaking below the projected downside target at 1.3320 and recording a new low near 1.3280. Technical Overview Relative Strength Index (RSI): Despite entering oversold territory, the indicator continues to send negative signals, reflecting persistent …

U.S. WTI crude oil futures retreated after several consecutive sessions of gains, hitting a low near $61.30 per barrel during the previous session. Technical Overview The simple moving averages have turned into dynamic resistance levels, now exerting downward pressure on prices and likely limiting any recovery attempts. At the same …

Gold prices retreated after reaching a new all-time high near $4,058 per ounce, as profit-taking prompted a pullback that pushed the metal to stabilize below the $4,000 psychological barrier. Technical Overview The metal found short-term support around $3,945, allowing a mild rebound toward $3,975. The simple moving averages continue to …

The EUR/USD pair remains under clear bearish pressure, consistent with our previous negative forecast. The pair has successfully reached the first downside target at 1.1555, recording a new low of 1.1542. Trend Overview The bearish trend continues to dominate as the price trades below the 50-period simple moving average (SMA), …

The Dow Jones Industrial Average (DJI30) saw mixed performance on Wall Street, retreating slightly after reaching a session high of 47,136, as investors booked profits following the recent bullish rally. Despite the pullback, the broader trend remains upward. Technical Outlook – 4-Hour Timeframe: The 50-day Simple Moving Average (SMA) continues …