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Technical Analysis

Today Technical Analysis: Silver Nears Its High for The Year...

Silver shows a clear uptrend on the hourly chart as it recorded higher highs and higher lows. Recently we saw a double top formation on the chart indi...

Today Technical Analysis: The Dollar Index Recaptures 97 Lev...

GBPUSD shows a short-term downtrend as the US dollar index (DXY) gained strength recently. GBPUSD failed to sustain above 1.3780 and is now showing lo...

Today Technical Analysis: US Dollar Index Retreats Following...

The US dollar showed strength in yesterday’s trading against major currencies. The dollar index revisited 97 levels following 7 days of consecut...

Daily Technical Analysis: EURUSD Breaks Above 1.1800 As The ...

EUR/USD is in a strong uptrend, resulting mainly from the weakness of the US dollar. Price action recently hit resistance at 1.1807 and is slightly pu...

Daily Technical Analysis: The US Dollar Falls Below A 3-Year...

The USD continues its decline against major currencies as the dollar index (DXY) fell to its lowest level in three years, reaching 97.02. This is refl...

Daily Technical Analysis: EURUSD Reaches Its Highest Level I...

EURUSD continues its uptrend as the pair reached its highest level since November 2021, though moving averages MA(5), MA(10), and MA(30) show mixed si...

Daily Technical Analysis: Nasdaq Jumps 2.7% and Breaks Above...

US indices rose sharply yesterday. Nasdaq 100 has gained 3.6% since the market opened on Monday and is currently trading at around 22,150 level. The i...

Daily Technical Analysis: Oil Starts The Week Higher as Bren...

The US dollar started the week higher as it rose against major currencies. The dollar index (DXY) broke above 99.00 again. EURUSD lost 65 points as th...

Daily Technical Analysis: US Dollar Rises Against Major Curr...

Despite the long-term trend on EURUSD, the pair is showing bearish correction on the hourly chart as it broke below 1.1500 which might accelerate the ...

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