The provided GBP/USD H4 chart showcases a prolonged downtrend that has persisted for months, with the price maintaining a steady decline from its peak. The chart also features a red moving average, which appears to be a simple moving average (SMA)...
The Australian dollar (AUD) has been under pressure against the US dollar (USD), experiencing a decline for the fourth consecutive day on Thursday. However, the release of positive Australian export price data provided a temporary reprieve, boosting...
I observe that the AUDUSD pair extended its downward trajectory, testing the lower Bollinger Band at 0.6206, where buyers stepped in to trigger a bounce, signaling potential short-term support. I note that the Federal Reserve’s hawkish rhetoric on...
Winning in USD/JPY Price Activity We're currently discussing analyzing the USD/JPY currency pair's current pricing behavior. The rise of USD/JPY from 153.70, viewed on the H4 time frame, is a corrective pullback following the decline cycle from...
EUR/USD Price Action Review We are discussing and analyzing the EUR/USD currency pair's current pricing behavior. Today, the euro/dollar exchange rate continues to decline. The pair dropped significantly at the previous Fed rate announcement and...
