Oil, Crude, trading
Read More »CAD building on support 5/3/2024
The Canadian Dollar pair has made modest upward attempts, finding support around the 1.3510 level and reaching its peak at 1.3585 during the previous trading session. In terms of technical analysis today, we cautiously lean towards a positive outlook, contingent upon the pair maintaining stability above the mentioned support level …
Read More »USD/JPY waiting for a signal 5/3/2024
japanese-yen
Read More »GBP trying positively 5/3/2024
Oil, Crude, trading
Read More »Oil is experiencing temporary negative pressure 5/3/2024
The previous trading session saw mixed activity in US crude oil futures contracts, with prices touching the official target at $80.40 per barrel before retracing slightly. Technically, the resistance level at $80.40 exerted downward pressure on oil prices, prompting a temporary retreat. Currently, prices are hovering near the lower end …
Read More »Euro looking for a stronger direction 5/3/2024
The EUR/USD pair has exhibited a slight upward bias during the initial trading sessions of the week. However, this upward momentum has been limited, with the pair struggling to consolidate above the key resistance level of 1.0860. On the technical front, analyzing the 4-hour time frame chart reveals that the …
Read More »Weekly Recap: US inflation dominates the market
Last week, the financial markets were shaped by significant data releases across several major economies, notably the United States and the eurozone. In the eurozone, data published by the European Statistics Office (Eurostat) on Friday indicated that the region’s annual harmonized consumer price index (HICP) rose by 2.6% in February, …
Read More »Nasdaq facing strong resistance 29/2/2024
Oil, Crude, trading
Read More »Dow Jones achieves the desired goals 29/2/2024
Oil, Crude, trading
Read More »CAD retests support 29/2/2024
The Canadian dollar performed in line with our expectations during the previous trading session, achieving the first target at $1.3590 and reaching a peak of $1.3606. In today’s technical analysis, observing the 4-hour timeframe chart, we note that the pair’s intraday movements are currently stabilized below the psychological barrier resistance …
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