Technical Analysis

japanese-yen

Oil, Crude, trading

In yesterday’s technical report, we maintained a neutral stance due to conflicting technical signals, noting that consolidation of the price above $78.00 could pave the way for reaching $78.35 as the first target, with potential further gains extending to $79.20. American crude oil prices managed to peak at $78.95 per …

Gold prices encountered downward pressure during the preceding trading session following their ascent to the 2040 resistance level. This led to a decline, resulting in intraday movements stabilizing around the lowest level for the current period, priced at $2030. Today’s technical analysis, upon examination of the 4-hour timeframe chart, reveals …

The EUR/USD pair continues to experience narrow sideways trading for the third consecutive session, maintaining a range between the main support level of 1.0765 and the pivotal resistance of 1.0860. From a technical perspective today, upon analysis of the 4-hour timeframe chart, the 50-day simple moving average persists in guiding …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar experienced tranquil trading conditions with a slight positive bias, manifesting a sideways trend confined between the lower boundary around 1.3500 and the upper threshold below 1.3535. Today’s technical analysis, upon scrutiny of the 4-hour timeframe chart, reveals the simple moving average endeavoring to uplift the price. However, …

japanese-yen

Oil, Crude, trading