The EUR/USD pair continues to experience mixed movements, oscillating within a narrow sideways range. This range is bounded by the 1.0730 resistance level on the upper end and the 1.0680 support level on the lower end. A detailed examination of the 4-hour time frame chart reveals that the pair’s intraday …
Read More »European stocks touch two-week highs
European stocks rose to their highest level in two weeks on Monday, continuing the strong gains they achieved last week, as traders awaited economic data and the Federal Reserve’s decision on monetary policy. By 0718 GMT, the European STOXX 600 index rose 0.3 percent after recording its first weekly gain …
Read More »European stocks rise on strong results from major technology companies
European stocks rallied on Friday, poised to conclude the week with gains, buoyed by robust earnings from major US technology firms, while ThyssenKrupp shares surged to their highest daily performance in 18 months. The European STOXX 600 index kicked off the session with a 0.5 percent uptick by 0717 GMT. …
Read More »European stocks decline amid mixed corporate profits
European stocks fell on Thursday after mixed earnings from major companies such as Nestle and Deutsche Bank. The European STOXX 600 index fell 0.24 percent by 0745 GMT, affected by losses in the food, beverages and industrial goods sectors. Technology stocks were under pressure after disappointing revenue expectations from the …
Read More »Dow Jones facing negative pressure 25/4/2024
Oil, Crude, trading
Read More »CAD: negative pressure exists 25/4/2024
The Canadian dollar has continued its bearish trajectory, encountering strong resistance near the 1.3730 level, prompting renewed negative trading for the pair. From a technical standpoint, the 240-minute timeframe reveals the persistence of bearish technical patterns, reinforcing the overarching daily downtrend. Additionally, the ongoing formation of simple moving averages continues …
Read More »USD/JPY achieve the goals and positivity persists 25/4/2024
japanese-yen
Read More »GBP stable above support 25/4/2024
Oil, Crude, trading
Read More »Oil losing bullish momentum 25/4/2024
In the latest technical analysis, we maintained a neutral stance due to conflicting signals in the market. However, the continuation of a downward trend hinges on US crude oil futures prices remaining below the pivotal resistance level of $83.90, which saw a peak at $83.67 per barrel. Examining the 4-hour …
Read More »Euro stable below resistance 25/4/2024
In the latest update, the EUR/USD pair encountered resistance at the previously mentioned level of 1.0715, hindering its upward momentum. Currently, the pair is hovering around the psychological barrier of 1.0700. Analyzing the technical indicators, the upward trend remains constrained, with the Stochastic indicator signaling negativity. Furthermore, the pair continues …
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