The EUR/USD pair experienced negative trading towards the end of last week’s sessions, exerting pressure on the support level of 1.0470 and recording a low of 1.0453. Technically, the pair is showing attempts at a bullish bounce due to its temporary stability above the strong support at 1.0470. However, the …
Read More »Dow Jones faces negative pressure 12/12/2024
Oil, Crude, trading
Read More »USD/JPY Jumps Higher 12/12/2024
japanese-yen
Read More »GBP repeats the chances of rising 12/12/2024
Oil, Crude, trading
Read More »Oil extends gains 12/12/2024
US crude oil futures experienced significant upward momentum, breaking the pivotal resistance level of $68.60 to achieve the anticipated targets from the previous session, reaching $70.50 per barrel. Technical Analysis A closer examination of the 4-hour chart reveals: Support Levels: The price currently holds above minor support at $69.60, with …
Read More »Gold flirts with historic peak 12/12/2024
Gold prices sustained a robust upward trend as anticipated in the previous report, reaching the target of $2720 and recording a peak at $2726 per ounce. Technical Analysis A detailed examination of the 4-hour chart reveals: Positive Signals: The simple moving averages continue to bolster the upward trajectory. The 14-day …
Read More »Euro faces negative pressure ahead of ECB 12/12/2024
The Euro continued its retreat against the US Dollar during the previous session, aligning with the anticipated negative outlook, reaching the first target of 1.0475 and recording a low of 1.0479. Technical Analysis An analysis of the 240-minute chart indicates: Bearish Factors: The simple moving averages are exerting downward pressure. …
Read More »Dow Jones needs a closer look 11/12/2024
Oil, Crude, trading
Read More »USD/JPY Needs More Momentum 11/12/2024
japanese-yen
Read More »GBP maintains positive stability 11/12/2024
Oil, Crude, trading
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