The EUR/USD pair experienced a gradual decline in the early trading sessions this month, driven by the U.S. dollar’s attempts to stage a rebound. As a result, the pair has remained generally stable below the psychological resistance level of 1.1100. From a technical perspective, a closer look at the 4-hour …
Read More »Dow Jones starts positively 1/8/2024
Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
Read More »Oil makes notable gains 1/8/2024
US crude oil futures surged yesterday, reaching a high of $78.70 per barrel. Technically, the 4-hour chart indicates that oil has moved above the 50-day simple moving average, supporting a positive outlook. Additionally, the price is holding above the 78.00 support level. Given this stability, the upward trend appears likely …
Read More »Gold extends gains 1/8/2024
Gold prices saw notable gains in the previous trading session. Previously, we maintained a neutral stance due to conflicting technical signals, noting that a break above 2394 could trigger an upward trend towards targets of 2410 and 2420, with potential further gains extending to 2437. The price has now reached …
Read More »Euro awaits new move signal 1/8/2024
The EUR/USD pair experienced narrow sideways trading, confined between the support level at 1.0800 and the resistance level at 1.0850. Technically, the 240-minute chart shows continued negative pressure from the simple moving averages, alongside the stability of daily trading below the pivotal resistance level of 1.0880. Given these conditions, there …
Read More »Dow Jones faces negative pressure 30/7/2024
Oil, Crude, trading
Read More »GBP needs a negative stimulus 30/7/2024
Oil, Crude, trading
Read More »USD/JPY Trying to Recover 30/7/2024
japanese-yen
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