The price showed signs of strength on Monday as the US Dollar (USD) retreated, potentially driven by uncertainty surrounding key US economic data. However, trading volumes in the JPY were muted due to the closure of Japanese markets for Sports Day,...
If we look at it on a shorter time frame, say 4 hours, yesterday the price fell and it seemed possible that the next day it would become even more bearish. The candlestick now stops below the 151.50 price area. As a reference that we will use to...
GBP/USD Price Movement Patterns Our discussion analyzes the current pricing behavior of the GBP/USD currency pair. The GBP/USD pair is displaying strong bullish momentum on the H4 timeframe as it begins the trading week, currently trading around...
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Points Take Away about EURUSD: Current week, several key news events are scheduled, including the ECB Monetary Policy meeting, CPI rates, and OPEC meetings, which are featured prominently on the weekly calendar. These events are likely to have a...