The Canadian dollar remains within a narrow-range side trading pattern, restricted from the bottom by the support level of 1.3680 and from the top by the resistance level of 1.3730. Analyzing the technical aspects on the 4-hour time frame chart, the 50-day simple moving average serves as an obstacle for …
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japanese-yen
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Oil, Crude, trading
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Mixed trading characterized the movements of US crude oil futures contracts in the previous session, attempting to recover from losses and reaching its peak at $76.77 per barrel. From a technical perspective, a closer examination of the 4-hour timeframe chart reveals that despite the efforts to rise, they appear to …
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The EUR/USD pair exhibited relatively subdued yet positive movements, persisting in its gradual ascent while maintaining favorable stability above 1.0860. Upon a more detailed examination of the 4-hour time frame chart from a technical perspective today, it becomes apparent that the pair has effectively retested the 1.0860 support, denoted by …
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The Canadian dollar remains in a negative trading stance, aligning with the anticipated downward technical outlook and maintaining negative stability. The currency touched the officially targeted level of 1.3680, recording its lowest point at this level. Upon closer examination of the 4-hour time frame chart, it is observed that the …
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japanese-yen
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Oil, Crude, trading
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US crude oil futures experienced a substantial decline in the previous trading session, aligning with the anticipated downward trajectory outlined in the preceding technical report. The price surpassed the specified targets, reaching as low as $73.85 per barrel. Examining the 240-minute time frame chart reveals efforts by oil to mitigate …
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The EUR/USD pair experienced a downturn, directing trades towards a reevaluation of the key support level highlighted in the previous report at 1.0860. In today’s technical analysis, a meticulous examination of the 4-hour time frame chart reveals a successful retest of the 1.0860 support, marked by the 50.0% Fibonacci retracement. …
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