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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.

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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
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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.

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Highness

Feb 18, 2025
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technical_analysis_articles
U.S index tries holding above daily pivot point at 107.050

US Dollar Index rose during today's session, as it remained above 106.435. It is worth noting that the SMA 9 is inicating some positive signals, with the price moving above it on 1-hour chart. Currently, the price is eyeing to breach the daily pivot point at 107.050, 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 18, 2025
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technical_analysis_articles
Dow Jones drops slightly within narrow range

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 44626 then 44752. On the other hand, if the price declines, it may reach to 44157 then 44038.

writer

Highness

Feb 11, 2025
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technical_analysis_articles
Oil prices bounce, targeting $73

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 $72.20. If the price stays above it, it could rises toward $73.00 then $73.30 per barrel. Conversely, if the price resumption dcline, it may reach toward $71.35 then $71.05 per barrel.

writer

Highness

Feb 11, 2025
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technical_analysis_articles
Gold drops after hitting all-time high at $2942

Gold dropped during today’s trading, after hitting all -time high at $2942 , Noting that,  it moved above the SMA 9. However, gold is still trading near pivot oint at $2908. If it clings below it, it may target $2891 then $2878. On the other hand, if gold hold above the aforesaid pivot point. it may rise toward $2947 then $2961.

writer

Highness

Feb 11, 2025
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technical_analysis_articles
EUR/USD retreats slightly

EUR/USD opened today with a slightly decline as it stayed below the daily pivot point at 1.03240. 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 1.02695 then 1.02520. It is important to mention that if the price manages to stay above the aforesaid pivot point, it will push the price higher towards 1.03510 then 1.03675.

writer

Highness

Feb 11, 2025
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technical_analysis_articles
U.S index holds above daily pivot point at 108.220

US Dollar Index rose during today's session, as it remained above the daily pivot point at 108.220. It is worth noting that the SMA 9 is inicating some positive signals, with the price moving above it on 1-hour chart. Currently, the price is trading within bullish channel, attempting resume its upward march , targeting 108.760 then 108.970. On the other hand, if the dollar declines, it may reach 107.865 then 107.670.

writer

Highness

Feb 11, 2025

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