Energies
Oil has shown a strong bullish trend since the beginning of June. The 4H chart shows a short-term pullback currently in progress following last week’s gains.
MACD is still above zero, but starting to slow, indicating momentum is cooling off.
Price is finding support at the dynamic support levels of moving averages MA(5), MA(10), and MA(30). However, overbought conditions could cause more consolidation or a pullback.
The overview for West Texas Intermediate is still bullish, possibly targeting $75.00 psychological level.
West Texas Intermediate (USOUSD) 4H Chart
| Resistance | $73.37 | $74.62 | $75.00 |
| Support | $70.10 | $69.30 | $68.48 |
EURUSD shows a strong upward trend with higher highs and higher lows on the 4H chart, indicating short term uptrend. Price remains above the 30-period moving average, which is sloping upward, indicating buyers are still in control.
The trend remains bullish. If price holds above 1.1500 area, it’s likely continuation to the upside.
A break below the 1.1470 zone might shift bias to short-term correction. But as long as the pair remains above the 30-period moving average, the mid-term uptrend remains intact.
EURUSD 4H Chart
| Resistance | 1.1569 | 1.1614 | 1.1631 |
| Support | 1.1523 | 1.1489 | 1.1461 |
USDCAD is showing a sharp downtrend on the 4H chart as the pair fell to its lowest level since October 2024.
The Moving Averages (MA 5,10,30) are in bearish alignment, indicating the downtrend is still healthy.
MACD is below the zero line, indicating downward momentum, though it’s showing signs of potential consolidation.
Selling pressure remains strong unless we see a break above the shorter-term moving averages. Watch for a possible bounce or continuation to the downside if this support is broken.
USDCAD 4H Chart
| Resistance | 1.3607 | 1.3632 | 1.3650 |
| Support | 1.3566 | 1.3535 | 1.3475 |
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEError! Please try again.
