Highness Investment LLC provides Technical Analysis Articles to help you understand the world of trading and investment.
Brent opened today's trading with a slight increase due to gaining some positive momentum, as the price moves around the daily pivot point at $75.888. If Brent manages to break above this level and hold above it, brent could rebound towards $77.07, then $77.565. On the other hand, if it breaks $74.940, this could put downward pressure on the price, pushing it towards $74.465.
Highness
Feb 05, 2025
Oil continues to attempt a rebound after experiencing a slight decline due to its failure to stay above the daily pivot point at $72.60. However, it is still hovering around the SMA 9, and it aims to stabilize above it to provide a positive signal for an upward move. If it succeeds and breaks aforesaid pivot point , it could support a rise toward $73.40 then $73.70 per barrel. On the other hand, if the price loses its positive momentum, it could experience a decline toward $71.20 then $70.90 per barrel.
Highness
Feb 05, 2025
Gold continues to break its record highs due to its stabilized above the upper line of the ascending channel, in addition to trading above the SMA 9. However, gold still awaits more positive momentum to resumption main bullish trend towards $2864 then $2874 in the near term. On the other hand, if it manages to stay below the daily pivot point at $2837, it may face downward pressure towards $2827 then $2817 .
Highness
Feb 05, 2025
USD/JPY declined this morning after managing to stay below the midpoint of channel. SMA 9 indicates the price is trading below it, Currently, the pair is trading below 153.500. If the price remains below this level, it may continue to decline toward 152.675 then 152.360. On the other hand, if the price gains positive momentum, may rise toward 154.530 then 154.870.
Highness
Feb 05, 2025
USD/CHF shown negative signals during today’s trading, due to its failure to breach through 0.90750. SMA 9 does not provide clear signals as the price is trading around it, but we are awaiting a move below this level to confirm the downward trend. If this happens, the price could continue its decline towards 0.90190 then 0.90005. Conversely, if the price rises, it may reach to 0.91025 then 0.91225.
Highness
Feb 05, 2025
USD/CAD experienced a decline during today’s session due to several negative factors, including the price remaining below the upward trendline, which resulted in a loss of positive momentum. However, the price is still hovering around 1.43000. If it manages to break below this level, it could resume its decline, targeting 1.42460 then 1.41990. Conversely, if the price rises, it may rebound to 1.44550 then 1.44980.
Highness
Feb 05, 2025
AUD/USD rose during today’s session as it stabilized above themidline ofchannel, despite trading below the SMA 9. However, we are awaiting a close of a 4-hour candle above the indicator to confirm the upward movement. If successful, the price could reach 0.62920 then 0.63110. Conversely, if the price breaks below the daily pivot point at 0.62315, it could push the price down to 0.62005 then 0.61805.
Highness
Feb 05, 2025
The EUR/USD pair experienced a increase as it remained above the bearish trendline. The SMA 9 indicates some positive signals as the price is trading above it. However, it continues to fluctuate and attempting to resumption bullish trendline toward 1.04225 then 1.04435. Conversely, If the price dcline may reach toward 1.03260, then 1.03030.
Highness
Feb 05, 2025
The EUR/USD pair experienced a increase as it remained above the bearish trendline. The SMA 9 indicates some positive signals as the price is trading above it. However, it continues to fluctuate and attempting to resumption bullish trendline toward 1.04225 then 1.04435. Conversely, If the price dcline may reach toward 1.03260, then 1.03030.
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