Tag Archives: analysis

japanese-yen

Oil, Crude, trading

WTI crude oil futures prices experienced notable gains yesterday, reaching our previously identified target of 78.80 and peaking at $79.28 per barrel. Technical Outlook We maintain a cautiously bullish outlook, supported by the positive influence of the 50-day simple moving average and the price holding above the crucial 77.60 support …

Gold prices experienced mixed trading in the previous session, influenced by the Federal Reserve’s interest rate decision. On the 4-hour chart, the key resistance level of 2340, as previously highlighted, successfully capped the upward movement. Gold’s inability to breach this level, combined with the persistent negative pressure from simple moving …

The euro showed positive momentum against the US dollar yesterday, reaching a high of 1.0852. However, gains remained limited as the 1.0860 level acted as a strong resistance point, putting temporary pressure on the price. Additionally, the Stochastic indicator is exhibiting negative signals, suggesting a potential reversal. Despite this, the …

Oil, Crude, trading

The USD/CAD pair maintains its upward trajectory, holding firm above the key support level of 1.3690. This stability has propelled the pair to rebound upwards, reaching 1.3780. Technical analysis suggests a continuation of the uptrend. Positive momentum from the simple moving averages, coupled with the Stochastic oscillator’s attempts to gain …

japanese-yen

Oil, Crude, trading

WTI crude oil prices rebounded during the previous session, finding support at the pivotal 75.25 level we highlighted in our prior report. A break below this level would have signaled a continuation of the downward trend. On the 240-minute chart, we now observe positive crossover signals from the simple moving …