The landscape of US crude oil futures contracts witnessed a blend of movements, oscillating between upward and downward trajectories in yesterday’s trading session. Notably, a robust support level near $76.40 acted as a formidable barrier, curtailing downward pressure and steering prices to a close near the $78.00 mark. Technical Analysis …
Read More »Euro Continues Positive Momentum 22/2/2024
In the dynamic world of forex trading, the Euro/Dollar pair maintains its upward trajectory, demonstrating quiet yet positive trading sessions. During yesterday’s session, the pair reached its pinnacle at 1.0832, showcasing a bullish stance. Technical Analysis Insights Delving into the technical analysis realm today, a closer examination of the 4-hour …
Read More »CAD trying to gain additional momentum 21/2/2024
The Canadian dollar has exhibited the anticipated positive trajectory, achieving our initial target during the prior trading session, reaching a peak of 1.3529 against its counterpart. Technical Analysis Insights: Today’s technical analysis reveals the pair’s attempt to establish stability above the robust support level of 1.3500. Moreover, the Stochastic indicator …
Read More »USD/JPY breaks support 21/2/2024
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Read More »GBP attacks the resistance 21/2/2024
Oil, Crude, trading
Read More »Oil prices to be monitored 21/2/2024
US crude oil futures experienced a notable rally in the previous trading session, nearing the first upward target mentioned in the previous technical report at $78.70. However, the price faced resistance and retreated, reaching a peak of $78.50 per barrel before encountering downward pressure. Technical Analysis Overview Examining the technical …
Read More »Euro is trying to build an upward wave 21/2/2024
During the previous trading session, the Euro/Dollar pair witnessed predominantly positive trades, aligning with the anticipated bullish trajectory towards the official target of 1.0860. The pair reached its highest level at 1.0840, reflecting the strength of the upward movement. Technical Analysis Outlook From a technical standpoint today, examining the 4-hour …
Read More »CAD tries to break through the resistance 20/2/2024
The Canadian dollar displayed strength yesterday with an upward trend dominating its movements, carrying over into today’s trading session with a positive bias. The currency hovers around its morning peak, reaching 1.3510. Technical Analysis Points to Continued Positive Momentum Technical analysis indicates that the pair continues to benefit from support …
Read More »USD/JPY returns to the upward path 20/2/2024
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Read More »GBP stable below resistance 20/2/2024
Oil, Crude, trading
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