Technical Analysis

Prices for US crude oil futures (WTI) regained their upward trend during the previous session after successfully breaking the 62.50 resistance level. This led to a high of $63.15 per barrel. Technical Outlook – 4-Hour Timeframe Current movements show continued attempts at an upward rebound. The 50-day Simple Moving Average …

Gold prices (XAU/USD) saw an upward rebound yesterday, benefiting from touching the 3310 support level to reverse the expected downward trend from the previous report. That report was based on the price remaining stable below the 3340 resistance level, noting that a break of 3340 might open the way for …

The downward trend continues to dominate the movements of the EUR/USD pair during the previous trading session, with the pair recording its highest level around the 1.1670 resistance.Technical Outlook – 4-Hour Timeframe:Technical indicators are still providing negative signals. The 50-day Simple Moving Average continues to exert additional negative pressure, supported …

The Dow Jones Industrial Average (DJI30) has shown a strong upward trend on Wall Street amid a series of record closes for the US stock market. Technical Outlook – 4-Hour Timeframe Technically, the index remains stable above the 50-day Simple Moving Average (SMA), which enhances the chances of a continued …

The USD/CAD pair has been dominated by an upward trend after recording repeated closes above the pivotal support level of 1.3800, which reinforces the pair’s positive outlook. Technical Outlook – 4-Hour Timeframe The pair is currently facing a strong resistance level around 1.3880. The Relative Strength Index (RSI) is clearly …

The GBP/USD pair recorded significant declines during the previous trading session, hitting its lowest level at 1.3462. Technical Outlook – 4-Hour Timeframe The pair’s stability below the Simple Moving Average (SMA), which coincides with the previously broken support area now acting as a resistance level at 1.3510, reinforces this level’s …

WTI crude oil futures have continued to record consecutive losses over several sessions, with the price reaching its lowest level at $61.68 per barrel. Technical Outlook – 4-Hour Timeframe Current price action shows attempted bullish rebounds as the Relative Strength Index (RSI) tries to correct from oversold conditions. Meanwhile, the …

Gold prices (XAU/USD) saw a sharp decline during the previous trading session, continuing the movement anticipated in our last technical report. Prices have already touched the target level of $3310.Technical Outlook – 4-Hour Timeframe Gold prices are trading below the major support level around 3325, which was broken during the …

The EUR/USD pair has been dominated by a bearish trend after failing to close above the psychological resistance level of 1.1700.Technical Outlook – 4-Hour Timeframe:Technical indicators are signaling a negative bias. The 50-day Simple Moving Average (SMA) continues to exert downward pressure, supported by negative signals from the Relative Strength …

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