Technical Analysis

japanese-yen

Oil, Crude, trading

WTI crude oil prices rebounded during the previous session, finding support at the pivotal 75.25 level we highlighted in our prior report. A break below this level would have signaled a continuation of the downward trend. On the 240-minute chart, we now observe positive crossover signals from the simple moving …

Gold’s price movement remains aligned with our previous technical assessment, continuing its downward corrective path, reaching a low of $2287.00 per ounce. On the 4-hour chart, we observe a clear break below the previously breached support level of 2318.00. This, coupled with negative pressure from the simple moving averages and …

The EUR/USD pair continues its descent, aligning with our previous bearish forecast. After briefly testing the 1.0730 level, the pair is approaching our initial downside target of 1.0710. On the 4-hour chart, we observe a potential retest of the recently breached 1.0760 support level. Simple moving averages maintain their downward …

Oil, Crude, trading

The Canadian dollar (CAD) experienced a significant surge at the end of last week, breaking through the 1.3720 resistance level and reaching an intraday high of 1.3773. The current technical outlook suggests a continuation of the bullish trend. Positive signals from the simple moving averages and the 14-day momentum indicator …

japanese-yen

Oil, Crude, trading

WTI crude oil futures experienced mixed trading, attempting to bounce back from recent lows by utilizing the 75.25 support level. Currently trading at $75.75 per barrel, the commodity faces a bearish outlook due to several technical factors. The 50-day simple moving average continues to act as a strong resistance barrier, …