Gold prices continued their upward trend, as anticipated in the previous technical report, reaching the required target at $2700 per ounce and recording a peak of $2704. From a technical standpoint today, the 4-hour chart reveals the stability of intraday trading above the breached resistance level, now acting as support …
Read More »Euro hits resistance 11/12/2024
The EUR/USD pair encountered strong resistance around 1.0660, forcing it to retreat under negative pressures, marking its lowest level during the previous session at 1.0498. Technically, the 240-minute chart reveals the return of simple moving averages exerting downward pressure on the price, coupled with bearish signals from the Stochastic indicator. …
Read More »Dow Jones touches desired targets 10/12/2024
Oil, Crude, trading
Read More »USD/JPY Draws Bullish Pattern 10/12/2024
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Read More »GBP touches targets, positivity remains 10/12/2024
Oil, Crude, trading
Read More »Oil hits resistance 10/12/2024
US crude oil futures attempted to move higher in the previous session, challenging the pivotal resistance level of 68.60 and reaching a peak of $68.85 per barrel. Technically, analysis of the 240-minute chart suggests that negativity prevails due to sustained downward pressure from the simple moving averages. Additionally, the price …
Read More »Gold draws support line 10/12/2024
Gold prices showed a neutral stance in the previous analysis due to conflicting technical signals, with an emphasis that a clear breach of the pivotal resistance at 2655 would serve as a catalyst for a bullish trend, targeting 2665 and 2671, eventually recording a peak at $2676 per ounce. Today, …
Read More »Euro trying to recover 10/12/2024
The EUR/USD pair maintained its upward trajectory within the anticipated positive outlook highlighted in the previous technical report, reaching the first target of 1.0600 and recording a high of 1.0597. Technically, today’s analysis of the 4-hour chart shows the 50-day simple moving average supporting the bullish movement, alongside positive momentum …
Read More »Dow Jones faces temporary negative pressure 9/12/2024
Oil, Crude, trading
Read More »USD/JPY Steady Below Resistance 9/12/2024
japanese-yen
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