US crude oil futures prices continue to suffer losses as we expected, exceeding the last official stop required to be touched during the previous technical report at a price of 78.00, recording its lowest level of $76.57 per barrel during early trading of the current session. Technically, with a closer …
Read More »Gold Achieves Anticipated Targets 8/11/2023
In the recent trading session, gold prices experienced significant losses in line with the negative technical forecast, meeting our earlier expectations. The precious metal touched the second official target at $1958, reaching its lowest point at $1956 per ounce. Today’s technical analysis continues to point towards a potential downtrend. Examining …
Read More »Euro Continues Its Subtle Descent 8/11/2023
The EUR/USD pair experienced negative trading in yesterday’s session, following a gradual bearish trend toward the targeted level of 1.0640, ultimately reaching its lowest point at 1.0664. From a technical analysis perspective, a pessimistic outlook is maintained, supported by sustained daily trading below the robust resistance level at 1.0760, marked …
Read More »Nasdaq Faces Temporary Bearish Pressure 7/11/2023
Oil, Crude, trading
Read More »Dow Jones Anticipates Temporary Decline 7/11/2023
Oil, Crude, trading
Read More »CAD Building on Support 7/11/2023
The Canadian dollar finds itself under negative pressure as market conditions persist. Analyzing the technical aspects, we observe a consistent downward trend on the 4-hour chart, with the simple moving averages exerting consistent pressure on the currency from above. Additionally, the Relative Strength Index signals negative trends. As long as …
Read More »USD/JPY retests resistance 7/11/2023
japanese-yen
Read More »GBP Retests Support 7/11/2023
Oil, Crude, trading
Read More »Oil Market Under Pressure 7/11/2023
The US crude oil futures market faces a challenging scenario as prices grapple with pivotal resistance levels. Failure to close above the significant barrier at $82.00 has led oil prices into the expected downward trajectory, with early trading today witnessing a dip to as low as $80.40 per barrel. Examining …
Read More »Gold Price Nears Critical Support 7/11/2023
In gold trading, conflicting technical signals have left analysts in a state of neutrality. The pivotal moment for traders hinges on the breach of the robust support floor at $1977 per ounce. Current market dynamics find gold prices hovering near their lowest point during the early stages of the trading …
Read More »