EURUSD Daily Forecast The rebound of EUR/USD from its recent multi-month low of about 1.1410 seems to have lost its momentum at around 1.1530. The recovery attempt is likely to stall due to strong resistance at the 20-day simple moving average at...
DAILY CHART ANALYSIS OF USD/JPY USD/JPY remains strong, crossing 159, and shows almost no reaction to changes in Japans domestic economy, which would ordinarily be expected to support the yen. Even the latest wage talks, which expect wage increases...
GOLD DAILY CHART ANALYSIS Gold prices dropped drastically by more than 8%, trading below 4,150, setting a new 4-month low. This dramatic plunge illustrates a major change in the market, where Golds \ traditional safety demand, inflation...
GBP/USD DAILY CHART ANALYSIS The beginning of the week is important for GBP/USD as there is a multitude of macroeconomic releases out of the United Kingdom that have the capability of changing the expectations for monetary policy in the foreseeable...
Gold Daily Chart Analysis Gold has suffered a drastic selloff, reaching lows of $4100 with the rapid exit of investor positions from the market due to fast-changing geopolitical conflicts and macroeconomic variables. Reasons contributing to this...
