japanese-yen
Read More »GBP attacks resistance 5/9/2024
Oil, Crude, trading
Read More »A negative oil scenario may occur 5/9/2024
US crude oil futures extended their losses during the European trading session, reaching the first official target of $69.00 and recording a low of $68.85 per barrel. From a technical perspective, oil found solid support near $69.00, leading to some temporary gains. However, a closer look at the 4-hour chart …
Read More »Euro awaits new signal to move 5/9/2024
The EUR/USD pair found strong support near 1.1040, as previously noted, with the continuation of the bearish corrective trend hinging on a decisive break below this level. The pair managed to close above 1.1040, reaching a high of 1.1095. From a technical perspective today, the 4-hour chart shows the pair …
Read More »European Stocks Drop Amid U.S. Slowdown Fears and Euro Zone Economic Data
European stocks opened sharply lower on Wednesday as concerns over a potential economic slowdown in the United States sent ripples through global markets. Investors also turned their focus to upcoming economic data from the euro zone, adding to the bearish sentiment. Market Overview By 07:10 GMT, the pan-European STOXX 600 …
Read More »Dow Jones breaks support 4/9/2024
Oil, Crude, trading
Read More »USD/JPY trying to hold above support 4/9/2024
japanese-yen
Read More »GBP holds below resistance 4/9/2024
Oil, Crude, trading
Read More »Oil suffers huge losses 4/9/2024
U.S. crude oil futures experienced significant losses, surpassing the downside targets set in the previous trading session at 72.20, and recording a low of 69.75 during today’s Asian session. Technically, the 4-hour chart indicates that the bearish technical structure remains intact and effective, further reinforced by the ongoing negative pressure …
Read More »Euro awaits confirmation of support break 4/9/2024
Calm, slightly negative trading characterized the movements of the euro against the U.S. dollar, remaining within the anticipated bearish trend. As noted yesterday, further decline depends on a break below the 1.1040 level. From a technical perspective, the 4-hour chart shows that the pair has found solid support around 1.1040. …
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