After a strong upward movement, the price is now attempting a downward correction. Previously, the price successfully broke above the channels but then returned to trading within them. This week, the price began trading within a price triangle...
Analyzed from the H1 timeframe, after successfully breaking through the closest resistance, USD/JPY immediately rose to 160.83. After this significant increase, USD/JPY may correct first. This morning, USD/JPY experienced a slight weakening and is...
GBP/USD technical analysis As the price moved upward during the previous week, a price peak was touched, and the price fell for a correction, and then the rise resumed. This week, price movement during the last two weeks can also move in ascending...
The Australian dollar has gained modestly over the past week but only in strong trading. This suggests that the market is in a holding pattern, punctuated by an apparently significant downward trend. A move above the 0.6760 level could stir up more...
GBP/USD prices closed the week just below the yellow moving average on the 4-hour chart. This technical indicator suggests a degree of uncertainty in the short term, but my outlook remains bearish in the long term. Several fundamental factors...