The EUR/USD pair is still trading within a broader downtrend, but the current price action suggests that a short-term recovery is underway. On the daily chart, the wave structure continues to favor bearish momentum. However, the MACD indicator has...
Technical Analysis Trading Sentiment and Current Market Overview: The GBP/USD pair is currently trading around the 1.3378 mark, experiencing a cooling-off period following an aggressive rejection from the 1.3538 peak earlier this month. The...
Gold (XAU/USD) Technical Analysis – 4H Chart Current Price CFDs on Gold are trading at *$4,120.630/oz*, up *$40.753 or +1.00%* on the session. Following a prolonged consolidation between $4,040 and $4,100, gold has broken out decisively on July...
EUR/GBP is still holding a bullish tone, and I think buyers continue to have the upper hand. The pair is currently trading around 0.85067, staying comfortably above the nearest support level at 0.84954. As long as this support remains intact, I...
GBP/USD experienced a strong decline today, and the move turned out to be much larger than I originally expected. I actually opened a short position around the same time yesterday, but I closed it after about an hour. Looking at today's price...
