Technical Analysis

We previously maintained a neutral stance, emphasizing the need to monitor price behavior around the 2930 resistance level. A confirmed breakout above this level was expected to pave the way for a return to 2940, which was successfully achieved, marking a record high of $2940 per ounce. Technical Analysis On …

The EUR/USD pair successfully reached the first target outlined in the previous technical report at 1.0940, recording a high of 1.0945. Technical Analysis Looking at the 4-hour chart, the pair has established strong support at 1.0830, corresponding to the 61.80% Fibonacci retracement level. Additionally, the Stochastic indicator continues to gain …

Oil, Crude, trading

The bullish trend has regained control of the Canadian dollar, halting the bearish corrective move noted in our previous report after establishing support near 1.4350. On the 4‑hour chart, the pair has moved above its simple moving averages, and the 14‑day momentum indicator is now showing positive signals. With these …

Oil, Crude, trading

US crude oil futures continue their downward trend, reaching the official target of 65.75 from our previous report and recording a low of $65.80 at the time of writing. On the technical side, prices remain below the simple moving averages that support the daily downtrend, and the break of the …

During yesterday’s European session, gold traded sideways, confined by the psychological support at 2900 and a pivotal resistance at 2930. On the 4‑hour chart, gold began to test the support floor at 2900 during the previous American session, recording a low of $2880 per ounce. Simple moving averages are now …

In the previous trading session, the euro traded in a narrow range as it worked to sustain its upward trend. On the 4‑hour chart, the pair remains supported above its 50‑day simple moving average, which is contributing to the current bullish momentum. The euro is also showing efforts to establish …

Oil, Crude, trading

The Canadian dollar continues its gradual upward movement, following the expected bullish path from Negative pressure dominated the Canadian dollar’s movement during the previous session. The recent price action—marked by a low of 1.4240—suggests that a break below the support level of 1.4410 could trigger further downside, with a target …