The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …
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In the previous trading session, the Canadian dollar experienced a limited upward trend, with movements pushing towards a retest of the psychological barrier resistance level of 1.3500, ultimately reaching its peak at 1.3525. From a technical analysis perspective, our outlook tends towards negativity. This is based on the emergence of …
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japanese-yen
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Oil, Crude, trading
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In the previous technical report, we maintained an intraday neutral stance due to conflicting technical signals, coupled with trading confined within key trend boundaries. The lower boundary rested above 77.80, while the upper boundary lay below the extended resistance levels of 78.50-78.70. Technically, gold prices remained ensnared between these levels, …
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In the previous trading session, negative sentiment dominated the price movements of gold following the release of US inflation data, which bolstered the dollar’s performance at the expense of gold’s attractiveness. Today’s technical analysis reveals that the 2184 resistance level is exerting downward pressure on the price, while a closer …
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The technical outlook for the EUR/USD pair remains consistent with a gradual upward trend, with no significant deviations observed as it endeavors to sustain its upward trajectory. Upon closely examining the 240-minute timeframe chart, it is evident that the simple moving averages continue to support the price from below, reinforcing …
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During the initial trading session of the week, the movements of the Canadian dollar were characterized by a limited upward trend, with the currency reaching its peak around the psychological resistance barrier of 1.3510. From a technical analysis perspective, we are inclined towards a negative outlook, primarily due to the …
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japanese-yen
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Oil, Crude, trading
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