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Dow Jones tries retesting breached trend

Dow Jones Index recorded a slight increase during today's trading, but it continues to move within a narrow range. The SMA 9, as the price moves above it on the 1-hour chart. Meanwhile, gold is hovering around 44600, a stabilization above it could pave the way for an upward movement at 44752 then 44836. On the other hand, if the price declines, it may reach to 44375 then 44293.

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Highness

Feb 19, 2025
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technical_analysis_articles
Oil edges up, targeting $72.35

Oil railed today as it  moved above the SMA 9, but it await some positive momentum to resumtion its bullish trend on the short term.If the price gain more momenteum, it could rises toward $72.35 then $72.60 per barrel. Conversely, if the price drops, it may reach toward $71.30 then $70.10 per barrel.

writer

Highness

Feb 19, 2025
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technical_analysis_articles
Gold retreats after facing resistance at $2942

Gold rose during today’s trading as it stayed above the daily pivot point at $2924 , Noting that,  it moved above the SMA 9. However, gold is still trading near the breached bullish trendline. If it clings above it, the price may target $2940 then $2944. On the other hand, if gold hold below the daily pivot point. it may drop toward $2917 then $2913.

writer

Highness

Feb 19, 2025
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technical_analysis_articles
EUR/USD eyes resumption bullish trend

EUR/USD opened today with a slightly rise as it gains positive momentuem. It is worth noting that the SMA 9 explains the mentioned rise, but the price still awaits some positive momentum to rise. If that momentum is found, the price may reach towards 1.05320 then 1.05580. It is important to mention that if the price manages to stay below the daily pivot point at 1.04470, it will push the price towards 1.04135 then 1.03915.

writer

Highness

Feb 19, 2025
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technical_analysis_articles
U.S index clings below pivot point at 107.050

US Dollar Index dropped during today's session, as it remained below the daily pivot point at 107.050. It is worth noting that the SMA 9 is inicating some negative signals, with the price moving below it on 1-hour chart. Currently, the price is eyeing to breach the aforesaid daily pivot point, targeting 107.345 then 107.570. On the other hand, if the dollar declines, it may reach 106.435 then 106.205.

writer

Highness

Feb 19, 2025
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technical_analysis_articles
Dow Jones losses some momentum

Dow Jones Index recorded a slight decline during today's trading, but it continues to move within a narrow range. The SMA 9 indicates that the price is losing momentum on the 1-hour chart. Meanwhile, gold is hovering around the bullish trendline, a stabilization above it could pave the way for an upward movement at 44725 then 44836. On the other hand, if the price declines, it may reach to 44375 then 44293.

writer

Highness

Feb 18, 2025
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technical_analysis_articles
Oil prices rebound, targeting $72.15

Oil rose today as it  moved above the SMA 9, inadittion, it gains some positive momentum.currently, oil is still hovering around the daily pivot point at $71.60. If the price stays above it, it could rises toward $72.15 then $72.60 per barrel. Conversely, if the price resumption dcline, it may reach toward $70.50 then $70.10 per barrel.

writer

Highness

Feb 18, 2025
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technical_analysis_articles
Gold eyes retesting breached bullish trend

Gold rose during today’s trading as it stayed above the daily pivot point at $2895 , Noting that,  it moved above the SMA 9. However, gold is still trading near the breached bullish trendline. If it clings above it, the price may target $2930 then $2942. On the other hand, if gold hold below the daily pivot point. it may drop toward $2878 then $2867.

writer

Highness

Feb 18, 2025
blog Images
technical_analysis_articles
EUR/USD drops slightly

EUR/USD opened today with a slightly decline as it losses positive momentuem. It is worth noting that the SMA 9 explains the mentioned drop, but the price still awaits some positive momentum to rise. If that momentum is not found, the price may retreat towards 1.04135 then 1.03915. It is important to mention that if the price manages to stay above the daily pivot point at 1.04470, it will push the price higher towards 1.05320 then 1.05580.

writer

Highness

Feb 18, 2025

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