Trading in the EUR/USD pair saw a return below the pivotal resistance level of 1.0860, leading to negative movements with the pair currently stabilizing around 1.0820. From a technical perspective today, analysis of the 4-hour chart indicates that the 50-day simple moving average is exerting downward pressure, coupled with trading …
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Negative trading prevailed in the movements of the Canadian dollar during the previous trading session, aligning with the anticipated negative outlook. The pair touched the first target at 1.3465 and came close, within a few points, to reaching the second target at 1.3420, marking its lowest point at 1.3440. From …
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japanese-yen
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Oil, Crude, trading
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The US crude oil futures contracts have continued their upward trajectory, in line with the bullish forecast outlined in the previous technical report, reaching the initial target at $78.60 and peaking at $78.88 per barrel. From a technical standpoint, the prevailing sentiment remains positive, supported by the ongoing influence of …
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The EUR/USD pair has successfully reached the initial target outlined in our previous technical analysis, hitting 1.0860 and peaking at 1.0888. Upon examining the 4-hour chart, it’s evident that the level of 1.0860 is exerting downward pressure on the pair, prompting a potential retest of the psychological support barrier at …
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The Canadian dollar faces hurdles in maintaining stability above the psychological resistance level of 1.3500, which serves as a formidable obstacle, constraining bullish momentum. Technical Analysis Insights In the current market landscape, a bearish trend unfolds below the critical 1.3500 threshold. A detailed analysis of the 4-hour timeframe chart reveals …
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japanese-yen
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Oil, Crude, trading
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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 …
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