Technical Analysis

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar encountered a robust resistance level around 1.2620 and struggled to maintain positive stability above the psychological barrier of 1.2600. This led to a shift in sentiment, resulting in negative trades, with the pair currently trading around 1.3558. In terms of technical analysis today, the simple moving averages …

japanese-yen

Oil, Crude, trading

The US crude oil futures contracts showcased a resurgence of positive momentum, steering away from their lengthiest series of losses since 2018 and attaining a recent peak at $71.77 per barrel in the previous trading session. From a technical standpoint, the outlook leans towards optimism, buoyed by encouraging signals emanating …

Gold experienced a significant decline in the initial trading session of the week, following the anticipated downward trajectory after its inability to sustain positive stability above the $2000 threshold, ultimately reaching its lowest point at $1975 per ounce. In terms of technical analysis today, a closer examination of the 4-hour …

The EUR/USD pair remains ensconced in a narrow sideways trend, with its movements constrained below the robust support level of 1.0760 and above the resistance level of 1.0820. Upon closer examination of the 240-minute time frame chart from a technical perspective, the simple moving averages persistently exert downward pressure on …

Oil, Crude, trading

Oil, Crude, trading