Oil, Crude, trading
Read More »Oil touches the targets 15/3/2024
Over the past two consecutive sessions, our focus has been on monitoring the price behavior of oil due to conflicting technical signals and trading confined within defined trend boundaries. As previously highlighted in our technical report, an upward trend commenced upon crossing above the resistance level of 78.70, representing the …
Read More »Euro facing strong resistance 15/3/2024
The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …
Read More »European Stocks Edge Higher Amid Data Anticipation
European stocks opened on a positive note on Thursday, buoyed by upbeat corporate reports, although investor sentiment remained cautious ahead of crucial economic data releases from the United States. The European STOXX 600 index, a barometer of regional market performance, edged 0.2 percent higher by 08:11 GMT, lingering near its …
Read More »Currency Markets Reflect Cautious Optimism Ahead of Awaited Data
Amidst a landscape of currency markets characterized by cautious optimism, investors around the globe find themselves on the precipice of pivotal decisions, with the trajectory of the world’s largest economy poised to influence exchange rates and trading sentiments. Data-Driven Anticipation The currency arena resonates with anticipation as market participants eagerly …
Read More »CAD maintains the downward trend 14/3/2024
The technical outlook remained unchanged, and there was no significant change in the pair’s movements, maintaining the bearish trend for the second session in a row, stable below the psychological barrier of 1.3500. From a technical analysis angle, we are leaning toward negativity, relying on the appearance of negative features …
Read More »USD/JPY loses momentum 14/3/2024
japanese-yen
Read More »GBP building on support 14/3/2024
Oil, Crude, trading
Read More »Oil breaks resistance 14/3/2024
Over the past two consecutive sessions, our focus has been on monitoring the price behavior of oil due to conflicting technical signals and trading confined within defined trend boundaries. As previously highlighted in our technical report, an upward trend commenced upon crossing above the resistance level of 78.70, representing the …
Read More »Euro trying to break through the resistance 14/3/2024
The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …
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