Tag Archives: analysis

Oil, Crude, trading

As anticipated, the downtrend continues to dominate USD/CAD, following the pair’s failure to maintain stability above the psychological resistance at 1.3900. This rejection has led to renewed selling pressure and a shift to negative intraday momentum. From a technical perspective, the 4-hour chart reveals that 1.3900 remains a key resistance …

Oil, Crude, trading

U.S. crude oil futures posted significant losses in line with the previously outlined bearish scenario, reaching the first official downside target at $60.45 and recording a session low of $60.27 per barrel. From a technical standpoint, oil prices are currently trading below the 50-day simple moving average, which is acting …

The key support level at $3,260, highlighted in the previous report, successfully limited the downside in gold prices during the prior session. Early European trading today has opened with a stable advance above the psychological $3,300 level, reinforcing the bullish structure. From a technical perspective, the uptrend remains intact. The …

Despite a limited bearish bias during yesterday’s session, the EUR/USD pair rebounded into positive territory in early trading today, finding support at the 1.1270 level — as highlighted in the previous technical report. On the 4-hour chart (240-minute timeframe), the pair remains above the psychological barrier at 1.1300, supported by …

Oil, Crude, trading

The Canadian dollar came under renewed pressure in recent intraday trading after encountering strong psychological resistance at 1.3900, which triggered a downside reaction and negative momentum. On the 4-hour chart, the rejection from 1.3900 has been reinforced by the simple moving averages, which continue to act as dynamic resistance levels. …

Oil, Crude, trading

U.S. crude oil futures experienced mixed trading in the previous session after testing the psychological resistance level at $64.00, which effectively halted the upward momentum and capped further gains. Technically, oil is now stabilizing around $61.60. A closer look at the 4-hour chart reveals that the price has broken below …