Oil, Crude, trading
Read More »Oil is waiting for a new signal of movement 18/1/2024
US crude oil futures experienced a notable downturn in line with the projected bearish trajectory outlined in the previous technical report. The prices successfully reached both the initial target of 71.20 and the subsequent official target of 70.60, with the lowest recorded level hitting $70.65 per barrel. From a technical …
Read More »Euro between critical corrections 18/1/2024
The EUR/USD pair experienced a session leaning towards negativity, aligning with the anticipated bearish trajectory from the previous report and reaching a low of 1.0844. From a technical standpoint today, examining the 4-hour timeframe chart reveals the pair’s attempt to establish positive stability above the 1.0860 support level, marked by …
Read More »Market Drivers – US Session, Jan. 17
The USD Index (DXY) reached a new yearly high in due to adjusted expectations of a rate cut by the Fed in March. This was in line with an additional narrative that suggested the ECB also could hold off on cutting rates until the summer, which ultimately seems to have …
Read More »Nasdaq: selling pressure continues 17/1/2024
Oil, Crude, trading
Read More »Dow Jones extends losses 17/1/2024
Oil, Crude, trading
Read More »CAD: positive scenario intact 17/1/2024
The Canadian dollar successfully reached the initial upward target in the preceding trading session, attaining the milestone at 1.3500 and marking its peak at 1.3502. Analyzing the 4-hour chart, we observe the simple moving averages persisting in guiding the price from below, concurrently with positive signals from the momentum indicator. …
Read More »USD/JPY achieve bullish targets 17/1/2024
japanese-yen
Read More »GBP Sterling achieves huge losses 17/1/2024
Oil, Crude, trading
Read More »Oil hits resistance 17/1/2024
Mixed trading characterizes the movements of US crude oil futures in the initial trading sessions of the week. After reaching its lowest point at $72.27, the price rebounded to retest the $72.50 level. Technically, a negative bias is evident, supported by the initiation of negative crossover signals from the simple …
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