Technical Analysis

The EUR/USD pair is facing strong selling pressure after failing to sustain stability above the psychological resistance at 1.1700, which acted as a firm barrier and pushed the price back into a negative trajectory. Technical Outlook – 4-hour timeframe: Intraday price action reflects a bearish bias, with the pair trading …

The Dow Jones Industrial Average (DJI30) continued its efforts to preserve recent gains, reaching a new high of 45,688. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support the bullish bias, while the Relative Strength Index (RSI) is generating positive signals that reinforce ongoing upward momentum. …

A bearish corrective trend continues to dominate the USD/CAD pair after failing to sustain gains above the psychological barrier of 1.3800. Technical Outlook – 4-hour timeframe: The pair has broken below the ascending support line, as shown on the chart, alongside the continuation of a negative crossover in the simple …

The GBP/USD pair posted strong gains in the first trading session of the week, supported by weakness in the US dollar, and reached a new high near the 1.3550 target. Technical Outlook – 4-hour timeframe: Intraday price action is showing a mild bearish bias as a result of profit-taking following …

US WTI crude oil futures recorded strong gains after successfully building a base above the psychological support at $63.00, climbing to a high of $65.05 per barrel. Technical Outlook – 4-hour timeframe: The price is trading within an upward corrective channel, supported by its stability above a well-defined ascending trend …

Gold prices (XAU/USD) extended their rally in early trading of the current session, surpassing the previous target at 3,505 and recording a new high at 3,508, reflecting the persistence of strong bullish momentum. Technical Outlook – 4-hour timeframe: The broader trend remains bullish, supported by price action along the ascending …

The EUR/USD pair started the week’s trading with a bullish bias, climbing to 1.1736 after breaking through the psychological resistance at 1.1700. Technical Outlook – 4-hour timeframe: Despite minor intraday pullbacks, the 50-period simple moving average continues to support the upward trend. The Relative Strength Index (RSI) is showing signs …

The Dow Jones Industrial Average (DJI30) moved in line with prior expectations, extending its upward momentum toward the first target at 45,645, coming close to the next resistance at 45,770, and posting a session high of 45,735. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support …

The USD/CAD pair declined in the previous trading session. As highlighted in our last report, we maintained a neutral stance due to conflicting technical signals, noting that a break below 1.3820 would apply negative pressure and open the way for a retest of 1.3790. The pair indeed extended losses, reaching …

An uptrend has successfully taken control of GBP/USD trading, in line with the positive outlook highlighted in our previous technical report. The pair reached the projected target at the first resistance of 1.3500, recording a high of 1.3518. Technical Outlook – 4-hour timeframe: The price has firmly established itself above …