CFDTechnical Analysis
Daily Session : Early Europe
This currency pair is expected to have a Bullish bias today. Traders can consider a Long position once the price confirms above the '2372.9'. In that case, the first target price 2392.8 may be reached, as well as the second target price 2421.1. Subsequently, the price may extend further and finally reach 2440.9 by the end of today's market session.
On the other hand, if the price breaks below '2372.9', it may indicate a shift in momentum, leading to a potential Short position. In such a scenario, the price could decline towards the first support level 2344.6 and even test 2324.7. Lastly, a sharper decrease towards 2296.4 is also possible by the end of today's trading session.
#Daily #XAUUSD #CFDTechnical Analysis
Note: This part is being updated using Frustrader AI Integration. XAUUSD has no update for this session
CFDTechnical Analysis
Daily Session : Late US
This currency pair is showing signs of a Bearish trend today. Traders considering Short positions may do so if the price drops below the '77.3'. This breakdown could pave the way towards the first target level 76.4 and potentially extend to 74.9. Further downside momentum might even pull the price towards 74.0 before this session ends.
In contrary, breaking above the price '77.3' may indicate a shift in sentiment, convincing traders to consider Long positions. In such a scenario, the price might climb towards the first resistance level 78.8 and possibly further to 79.7. A higher rise towards 81.2 is also probable before before we call it a day.
#Daily #WTI #CFDTechnical Analysis
