Oil, Crude, trading
Read More »CAD Holds on to Support Amid Weak Momentum 8/7/2025
During yesterday’s trading, the Canadian dollar faced strong resistance near 1.3685, which effectively capped the upside and pressured the pair lower. At the time of writing, USD/CAD is trading around 1.3655, remaining under the influence of that resistance zone. Technical Indicators The simple moving averages are acting as dynamic resistance, …
Read More »GBP Losing Steam Versus the Dollar 8/7/2025
Oil, Crude, trading
Read More »Oil at a Crossroads: Temporary Correction or New Trend? 8/7/2025
After a sustained period of strong declines, U.S. crude oil prices staged a bullish technical rebound in the previous session, reaching a session high of $68.25 per barrel. Technical Outlook – 4-Hour ChartThe current technical landscape reveals mixed signals: The simple moving averages have shifted to provide support from below, …
Read More »Euro’s Rally Threatened by Current Resistance Level 8/7/2025
The EUR/USD pair continues to trade within a well-defined upward trajectory, edging closer to the key psychological resistance at 1.1800, with a session high recorded at 1.1790. Technical Outlook – 4-Hour Chart:Price action indicates strong resistance near the 1.1800 threshold, which has prompted some intraday pullbacks. Additionally, the 50-period simple …
Read More »Dow Jones Ignites Markets with a Sharp Rally 2/7/2025
Oil, Crude, trading
Read More »CAD Resists Further Decline but Remains in a Bearish Trend 2/7/2025
The USD/CAD pair recorded modest gains during today’s session as it attempted to recover from recent losses, showing cautious bullish momentum in intraday trading. Technical Outlook – 4-hour Chart:Despite the slight rebound, the pair remains under pressure from the simple moving averages acting as dynamic resistance. Additionally, the Relative Strength …
Read More »GBP Moves Higher as Technical Indicators Turn More Bullish 2/7/2025
Oil, Crude, trading
Read More »Oil Prices Under Pressure — Are Further Losses Ahead? 2/7/2025
Oil prices traded cautiously higher during today’s session, following a string of consecutive declines. The market saw a modest rebound, with prices testing the psychological resistance level at $66.00 per barrel. Current Range: Support: $64.65 Resistance: $65.95 Prices remain confined within a narrow sideways range. The simple moving averages continue …
Read More »Dollar Retreats as Euro Catches Its Breath for a Climb 2/7/2025
The EUR/USD pair continues to follow a positive trajectory, in line with prior expectations, reaching the 1.1800 target and recording a session high of 1.1830. Technical Outlook (4-hour timeframe):Despite some mild profit-taking, technical indicators remain aligned with a continuation of the uptrend: The pair is trading consistently above the 50-day …
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