Web Trader MT5 
Brent Technical Analysis
Brent oil continues to trade in a bearish structure on the hourly chart, following a sharp rejection from the $62.60 resistance area on Tuesday. After forming a lower high, price declined aggressively toward the $60.10 support level.
Price is now below all key moving averages, with moving averages MA(5) and MA(10) crossing beneath the 30-period moving average. This bearish MA alignment confirms downside control. As long as price remains below this area, the risk remains toward further downside, with $60.10 and $59.80 as key support levels.
MACD remains below zero level, signaling that bearish momentum is slowing, but not yet reversing. A bullish crossover would be required to confirm any meaningful recovery.
Brent 1H Chart
| Resistance | $60.26 | $60.49 | $60.72 |
| Support | $59.67 | $59.10 | $58.73 |
Dow Jones Technical Analysis
Dow Jones is currently undergoing a corrective pullback after failing to sustain gains above the 49,600 resistance zone. Following a strong impulsive rally from the 47,865 low, price topped near 49,666 and has since started to form lower highs and lower lows.
Price has slipped below MA(5) and MA(10) and is now approaching the 30-period moving average, which is acting as dynamic support around the 48,700–48,600 region. A sustained break below this area would increase the risk of a deeper correction toward 48,300. On the upside, the 49,200–49,400 zone now acts as immediate resistance.
Momentum confirms the bearish short term bias. The MACD has crossed below the zero line, signaling strengthening downside momentum.
Dow Jones 1H Chart
| Resistance | 49,040 | 49,207 | 49,409 |
| Support | 48,765 | 48,614 | 48,497 |
USDCAD Technical Analysis
USDCAD remains in a short term uptrend, continuing to post higher highs and higher lows. Price recently broke above the 1.3850 resistance and is now consolidating near 1.3878, suggesting trend continuation. The structure remains constructive, with buyers firmly in control.
Moving averages strongly support the bullish bias. Price is trading above the 5, 10, and 30-period moving averages on the 1H chart. MA(30) continues to act as dynamic support around 1.3820.
MACD is above the zero line. This indicates renewed upside momentum and keeps the outlook tilted toward further gains, with upside potential toward the 1.3900–1.3950 region.
USDCAD 1H Chart
| Resistance | 1.3926 | 1.3961 | 1.4000 |
| Support | 1.3857 | 1.3826 | 1.3800 |
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
