Technical Analysis

The technical outlook remains unchanged, with the USD/CAD pair continuing to trade in a sideways range as conflicting technical signals persist. Technical Outlook – 4-hour timeframe: The 50-period simple moving average is pressing down on the price from above, creating a resistance level that may limit upward attempts. At the …

The GBP/USD pair is under negative pressure in the morning session as it approaches the psychological resistance level of 1.3500. Technical Outlook – 4-hour timeframe: The pair’s stability below the simple moving average continues to reinforce the possibility of extended downside pressure. However, the Relative Strength Index (RSI) has started …

US WTI crude oil futures reversed the upward trend anticipated in the previous technical outlook, which had been based on trading above the 63.65 level, instead recording a low of $63.07 per barrel. Technical Outlook – 4-hour timeframe: The price is currently attempting to stabilize above the key psychological support …

Gold prices (XAU/USD) posted strong gains in the previous session, achieving the projected technical target at $3,392 and recording a high of $3,393, in line with prior bullish expectations. Technical Outlook – 4-hour timeframe: The metal is trading firmly above the 50-period simple moving average, which continues to support the …

Mixed trading characterized the movements of the EUR/USD pair in the previous session, as it attempted to maintain stability above the 1.1600 level. Technical Outlook – 4-hour timeframe: Intraday action reflects the continuation of bearish pressure, with the pair remaining below the 50-period simple moving average, which acts as dynamic …

The Dow Jones Industrial Average (DJI30) witnessed bearish movements during yesterday’s trading session, following a series of record closings. Technical Outlook for Today’s Session – 4-Hour Timeframe: Technically, the 50-day simple moving average (SMA) is a barrier pressuring the price from above and acting as a resistance level. The RSI …

The USD/CAD pair recovered gradually from previous session losses, posting a bullish rebound that lifted the pair to a high of 1.3865. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support the potential for a bullish daily price path, reinforced by the pair’s stability above the …

Negative trading dominated the movements of the GBP/USD pair during the morning session, following its failure to achieve a daily close above the psychological resistance at 1.3500. Technical Outlook – 4-hour timeframe: The pair’s continued stability below the simple moving average strengthens the likelihood of sustained selling pressure, particularly with …

An uptrend has regained control of US WTI crude oil futures, with prices beginning to test the psychological resistance level at $65.00 per barrel. Technical Outlook – 4-hour timeframe: Intraday movements show a modest corrective bias following the previous session’s rise, yet upward rebound attempts remain active. The 50-period simple …

Gold prices (XAU/USD) traded in a narrow, sideways-to-negative range, reaching a low of $3,351 per ounce. Technical Outlook – 4-hour timeframe: Prices remain anchored by strong support at $3,355, which serves as a foundation for stability. The 50-period simple moving average is also acting as additional support, improving the chances …