Tag Archives: analysis

DowJones

Mixed price action characterized the USD/CAD pair during the previous trading session, as the pair tested the 1.3770 resistance level, which effectively capped the weak bullish attempts. Technical Outlook: Current technical indicators suggest a potential resumption of the broader downtrend. This is reinforced by continued pressure from the 50-period Simple …

Oil, Crude, trading

In our previous technical report, we maintained a neutral stance due to conflicting signals. However, recent price action has confirmed the continued dominance of the downtrend, with U.S. crude oil futures experiencing renewed bearish pressure in recent hours. Technical Outlook: After testing the strong psychological resistance at $65.00, prices sharply …

Gold prices extended their strong upward momentum, fully aligned with the positive outlook outlined in our previous report. The metal reached the official bullish targets, climbing to a session high of $3,409 per ounce during early trading. Technical Outlook: After reaching the key psychological resistance at $3,400, gold is showing …

The EUR/USD pair has successfully maintained its upward momentum, in line with our previous bullish outlook. The pair approached the first official target at 1.1700, registering a session high of 1.1698. Technical Outlook: The pair continues to show a clear bullish bias, supported by price stability above the 50-period Simple …

DowJones

In our previous report, we maintained a neutral stance due to conflicting market signals. However, a clear bearish development has since occurred, as the support level at 1.3760 was broken, potentially triggered by early-session momentum at 1.3720. The pair has since recorded its lowest level of the session at 1.3729. …

Oil, Crude, trading

U.S. crude oil extended its losses as anticipated in our previous report, surpassing the initial downside target of $64.35 and recording a session low of $63.66 per barrel. Technical Outlook: Following multiple sessions of decline, oil prices are attempting a modest rebound, supported by price stabilization above the psychological threshold …