The EUR/USD currency pair continued its downward movement on Friday. This trend would have continued throughout the day without the University of Michigan Consumer Sentiment Index in the US. The index was much weaker than forecast, which halted the...
The GBP/USD pair also showed a fairly strong drop on Friday, for which there were no local reasons. Let's explain what we mean. Local causes are events and news during the day. There were practically none on Friday. In the United States, the...
USD/JPY On Monday we will look at the chart of period D1 - the USDJPY currency pair. Over the past trading week, the price moved in different directions, sellers temporarily won, but overall buyers prevailed. The wave structure remained ascending,...
Yesterday's trading was bullish until the middle lines of the price channels were touched, which led to the price falling and closing again below the red channel. When we follow the price movement during the previous two weeks, we will find that the...
Technical analysis of the AUDUSD pair 4-hour chart Over the past weeks, the price has moved in a sideways direction as we see on the chart. During the previous week, the price trended upward in a strong upward wave, but in the middle of the week,...