USDJPY Market Analysis: We are currently concentrating on assessing the USD/JPY currency pair's price movement. The price was pushed toward the second objective, the 161st Fibonacci level, at 156.859, after the bears quickly took the first goal, the...
For EUR/USD, I believe the safer approach would have been to wait for the market to trade and consolidate above the resistance trendline before opening any long positions. That confirmation would have provided stronger evidence that buyers were...
I continue to closely monitor the price action of the AUD/CAD pair. After experiencing a temporary decline, the market has resumed its upward movement, showing that buyers are still in control. The bullish momentum remains strong, with the pair...
XAUUSD 1H Technical Analysis: Bearish Pullback Setup at Broken Support XAUUSD is trading at 4,541.640 on the 1H chart after a sharp selloff from 4,576. Price broke below the 4,560-4,564 support zone with strong bearish momentum, and the projection...
USDCAD Market Outlook: Let's analyze the current price movement of the USD/CAD pair. This pair attempted to break above its low of 1.38074 today, but buyers pushed the price back down to around 1.38304. A larger correction may be seen if more...
