The price could fall to 2290, which serves as a critical level to watch. This level is significant because it could act as a short-term support. When the price reaches such a support level, it often experiences a temporary halt or bounce as traders...
Technical analysis of the AUDUSD pair 4-hour chart Over the past weeks, the price has moved in a sideways direction as we see on the chart. During the previous week, the price trended upward in a strong upward wave, but in the middle of the week,...
T E C H N I C A L _ A N A L Y S I S A U D / U S D Good morning and best wishes to all of us. AUD/USD is trading at 0.6605 at the time of writing. If you look at the history of yesterday's market movements, it seems that sellers are starting to...
XAU/USD Analysis Some of Friday's gains are being reversed, and gold prices may again face resistance above $2,330 on Monday. The pause in US dollar (USD) gains did not help gold prices as US Treasury yields rose after falling the previous week....
The EUR/USD currency pair continued its downward movement on Friday. This trend would have continued throughout the day without the University of Michigan Consumer Sentiment Index in the US. The index was much weaker than forecast, which halted the...