Tag Archives: analysis

Several factors dominated market activity throughout last week, including economic data, developments in the US political landscape ahead of the 2024 presidential election, escalating geopolitical tensions in the Middle East amid the ongoing war in Gaza, and updates on the monetary policies of central banks in major economies. Economic Data …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

During the previous trading session, US crude oil futures encountered a psychological resistance barrier at $78.00, which dampened the upward momentum. From a technical perspective, today’s outlook leans toward negativity, supported by a bearish technical structure on the 4-hour chart and the simple moving averages indicating ongoing negative pressure from …

In the previous report, we maintained a neutral stance due to conflicting technical signals, noting that stability above the 2410 resistance level might lead gold prices to target 2426 and 2438. Gold prices reached 2432, achieving the first target. Today, from a technical perspective, gold prices have rapidly declined after …

The euro continues to decline against the US dollar, adhering to the expected bearish trend after reaching the first target of 1.0840 as indicated in the latest report. Technically, the 240-minute chart reveals negative crossover signals from the simple moving averages, which support the likelihood of continuing the downward trend. …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading