by willy | May 4, 2023 | Crudeoil
CrudeOIL, H4: Crude oil price was traded higher following the prior rebound from the support level at 67.00. MACD which illustrated diminishing bearish momentum suggests the commodity extended its gains toward the resistance level at 70.65. Resistance level:...
by willy | May 4, 2023 | GOLD
GOLD_, H4: Gold price was traded lower following the prior break below the previous resistance level at 2049.30. However, MACD which illustrated bullish momentum suggests the commodity undergo a technical correction in the short term. Resistance level: 2049.30,...
by willy | May 4, 2023 | Daily Analysis
4 May 2023 Afternoon Session Analysis Euro edged up ahead of ECB’s interest rate decision. The euro dollar, one of the most traded currencies by global investors, edged up ahead of European Central Bank (ECB) interest rate decision. The...
by willy | May 4, 2023 | NZD/USD
NZDUSD, Daily: NZDUSD was traded higher following the prior breakout above the previous resistance level at 0.6150. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward the resistance level at 0.6290. Resistance level:...
by willy | May 4, 2023 | USD/CAD
USDCAD, Daily: USDCAD was traded higher while currently testing the resistance level at 1.3635. MACD which illustrated bullish bias momentum suggests the pair to extend its gains after it successfully breakout above the resistance level. Resistance level:...