The Canadian dollar faces hurdles in maintaining stability above the psychological resistance level of 1.3500, which serves as a formidable obstacle, constraining bullish momentum. Technical Analysis Insights In the current market landscape, a bearish trend unfolds below the critical 1.3500 threshold. A detailed analysis of the 4-hour timeframe chart reveals …
Read More »USD/JPY is waiting for a new signal 22/2/2024
japanese-yen
Read More »GBP Trying to Break Out of the Side Range 22/2/2024
Oil, Crude, trading
Read More »Oil Trying to Recover 22/2/2024
The landscape of US crude oil futures contracts witnessed a blend of movements, oscillating between upward and downward trajectories in yesterday’s trading session. Notably, a robust support level near $76.40 acted as a formidable barrier, curtailing downward pressure and steering prices to a close near the $78.00 mark. Technical Analysis …
Read More »Gold Remains Above Critical Support 22/2/2024
In a dynamic session of trading, gold prices experienced fluctuations, influenced by the strengthening of the US dollar following the Federal Reserve Committee’s announcements. Despite initial setbacks, gold surged to reach its peak at $2032 per ounce, showcasing resilience amidst market pressures. Technical Analysis Insights A comprehensive analysis of the …
Read More »Euro Continues Positive Momentum 22/2/2024
In the dynamic world of forex trading, the Euro/Dollar pair maintains its upward trajectory, demonstrating quiet yet positive trading sessions. During yesterday’s session, the pair reached its pinnacle at 1.0832, showcasing a bullish stance. Technical Analysis Insights Delving into the technical analysis realm today, a closer examination of the 4-hour …
Read More »CAD trying to gain additional momentum 21/2/2024
The Canadian dollar has exhibited the anticipated positive trajectory, achieving our initial target during the prior trading session, reaching a peak of 1.3529 against its counterpart. Technical Analysis Insights: Today’s technical analysis reveals the pair’s attempt to establish stability above the robust support level of 1.3500. Moreover, the Stochastic indicator …
Read More »USD/JPY breaks support 21/2/2024
japanese-yen
Read More »GBP attacks the resistance 21/2/2024
Oil, Crude, trading
Read More »Oil prices to be monitored 21/2/2024
US crude oil futures experienced a notable rally in the previous trading session, nearing the first upward target mentioned in the previous technical report at $78.70. However, the price faced resistance and retreated, reaching a peak of $78.50 per barrel before encountering downward pressure. Technical Analysis Overview Examining the technical …
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