Technical Analysis

The EUR/USD pair is experiencing a decline for the second consecutive session, opening the morning session under pressure at the psychological support level of 1.1700, indicating continued short-term selling pressure. Technical Outlook – 4-Hour Timeframe: In terms of intraday movements, the pair continues to trade below the simple moving averages, …

The Dow Jones reversed its downward trend, rebounding with notable gains. As a reminder, in our previous technical report, we noted that a return to a stable trading level above 49,420 could temporarily halt the bearish scenario, potentially leading to a retest of 49,610 and then 49,750. Technical Outlook – …

The USD/CAD pair successfully achieved the first target outlined in our previous technical report at 1.3630, maintaining its anticipated downward trajectory. Technical Outlook – 4-Hour Timeframe: On the shorter timeframes, the simple moving averages have resumed their role as dynamic resistance, exerting consistent downward pressure on price action. This bearish …

The GBP/USD pair maintained a modest upward bias during the previous session, reaching a daily peak of 1.3544. Technical Outlook – 4-Hour Timeframe: In the short term, price action is encountering a minor downward correction as the Relative Strength Index (RSI) moves into overbought territory. This technical cooling-off phase may …

The downward trend continues to dominate US crude oil futures prices despite attempts to reduce losses. Technical Outlook – 4-Hour Timeframe: Trading is currently moving along a descending trendline. This is further supported by continued downward pressure from the simple moving averages, which are exerting downward pressure on the price. …

Gold (XAU/USD) prices traded sideways in a narrow range during the previous session, fluctuating between support at 4770 and resistance at 4830, indicating a wait-and-see approach before a clearer direction emerges. Technical Outlook – 4-Hour Timeframe: In the short term, prices experienced some corrective selling pressure as they entered overbought …

The EUR/USD pair traded in a calm, slightly positive manner, continuing its upward trend as previously mentioned, reaching a high near the psychological resistance level of 1.1800. Technical Outlook – 4-Hour Timeframe: In the short term, the pair is experiencing some limited downward pressure due to encountering resistance at 1.1800, …

Mixed trading dominated the Dow Jones Industrial Average on Wall Street, as it began the week with a downward price gap. Technical Outlook – 4-Hour Timeframe: The Relative Strength Index (RSI) is showing negative signals, reflecting weak positive momentum. Simultaneously, the simple moving averages are attempting to exert downward pressure …

The USD/CAD pair is currently trending slightly upward, holding above the 1.3675 support level. Technical Outlook – 4-Hour Timeframe: The simple moving averages on the shorter timeframes are attempting to push the price higher, while the Relative Strength Index (RSI) is trying to gain positive momentum, which could lead to …

Negative trading saw the pound move against the US dollar after a positive session that saw it reach a high around the psychological barrier of 1.3600. Technical Outlook – 4-Hour Timeframe: The simple moving averages are forming a resistance level, putting downward pressure on the price due to a bearish …