The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …
Read More »CAD maintains the downward trend 14/3/2024
The technical outlook remained unchanged, and there was no significant change in the pair’s movements, maintaining the bearish trend for the second session in a row, stable below the psychological barrier of 1.3500. From a technical analysis angle, we are leaning toward negativity, relying on the appearance of negative features …
Read More »USD/JPY loses momentum 14/3/2024
japanese-yen
Read More »GBP building on support 14/3/2024
Oil, Crude, trading
Read More »Oil breaks resistance 14/3/2024
Over the past two consecutive sessions, our focus has been on monitoring the price behavior of oil due to conflicting technical signals and trading confined within defined trend boundaries. As previously highlighted in our technical report, an upward trend commenced upon crossing above the resistance level of 78.70, representing the …
Read More »Gold resumes its rise 14/3/2024
Gold prices have rebounded, resuming their official upward trajectory and negating the need for the retesting scenario outlined in the previous technical report. The metal settled with its lowest level recorded at $2157 per ounce. Today’s technical analysis, focusing on the 4-hour timeframe chart, indicates continued support from the simple …
Read More »Euro trying to break through the resistance 14/3/2024
The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …
Read More »CAD hits the resistance 13/3/2024
In the previous trading session, the Canadian dollar experienced a limited upward trend, with movements pushing towards a retest of the psychological barrier resistance level of 1.3500, ultimately reaching its peak at 1.3525. From a technical analysis perspective, our outlook tends towards negativity. This is based on the emergence of …
Read More »USD/JPY to be monitored 13/3/2024
japanese-yen
Read More »GBP may turn lower 13/3/2024
Oil, Crude, trading
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