The EUR/USD pair has breached a critical support level at 1.0810, as previously highlighted in our technical analysis. This breach has triggered a wave of selling pressure, driving the pair down to a new low of 1.0790 in early trading. Examining the 4-hour chart, we observe that the euro has …
Read More »Dow Jones extends losses 29/5/2024
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Read More »Oil is making notable gains 29/5/2024
WTI Crude Oil Prices Set for Further Gains, but Caution Advised WTI crude oil futures prices are on a clear upward trajectory, having recently surpassed the targeted levels of 79.30 and 79.70 and approaching the key psychological level of 80.50. The commodity reached an intraday high of $80.28 per barrel, …
Read More »USD/JPY are recovering 29/5/2024
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Read More »GBP/USD is testing support 29/5/2024
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Read More »Gold building on support 28/5/2024
Gold Prices Poised for Further Upside, Technical Analysis Suggests Gold prices have found solid footing at the 2340 support level, as highlighted in the previous technical report. This support, coinciding with the 23.60% Fibonacci retracement level on the 240-minute timeframe chart, successfully halted the recent downward trend and propelled prices …
Read More »Euro retests support 29/5/2024
The euro is experiencing a critical moment in its ongoing dance with the U.S. dollar. After a brief flirtation with the 1.0900 resistance level, the pair has retreated to 1.0845, leaving traders pondering its next move. A closer look at the technical landscape reveals a delicate balance between bullish and …
Read More »Dow Jones Faces Downward Pressure Amidst Bearish Technical Signals 28/5/2024
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Read More »USD/JPY Leans Bearish Amidst Waning Momentum and Key Resistance 28/5/2024
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Read More »GBP/USD Uptrend Continues Amidst Positive Technicals 28/5/2024
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