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. …
Read More »European Stocks Struggle for Direction as German Markets Hit Record Highs Ahead of Key U.S. Data
European stocks showed mixed performance on Tuesday as investors treaded cautiously ahead of a slew of economic data, including the crucial U.S. jobs report due on Friday. While the pan-European STOXX 600 index remained flat, German stocks reached an all-time high, buoyed by easing inflation and positive sentiment surrounding interest …
Read More »Dow Jones closes above support 3/9/2024
Oil, Crude, trading
Read More »USD/JPY is based on support 3/9/2024
japanese-yen
Read More »GBP presses support 3/9/2024
Oil, Crude, trading
Read More »Oil: Double Top Pressures Price 3/9/2024
U.S. crude oil futures have experienced a significant decline, marking the worst monthly performance since the beginning of the year. Oil prices lost nearly 6.15% during August, reaching a low of approximately $72.90 per barrel yesterday. From a technical standpoint, the 4-hour chart reveals a bearish pattern, suggesting a continued …
Read More »Euro continues downward correction 3/9/2024
The EUR/USD pair experienced a gradual decline in the early trading sessions this month, driven by the U.S. dollar’s attempts to stage a rebound. As a result, the pair has remained generally stable below the psychological resistance level of 1.1100. From a technical perspective, a closer look at the 4-hour …
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