Daily Time Frame Outlook: The GBPUSD pair currently shows a fairly strong bearish opportunity based on candlestick analysis and various technical indicators. On the Daily timeframe, yesterday's price moved down strongly and managed to break out the...
The EUR/JPY currency pair is one of the most actively traded pairs in the foreign exchange market. It represents the exchange rate between the Euro and the Japanese Yen. Trading this pair involves understanding various technical and fundamental...
The image is a technical analysis chart of Gold Spot/U.S. Dollar (XAU/USD) on a 1-hour timeframe. Here’s a detailed analysis of the chart: ### Key Elements: 1. **Median Line (ml), Upper Median Line (uml), and Lower Median Line (lml):** - These lines...
GBP/USD Technical Analysis Upon careful examination of the price trend over the last two months, it is evident that the price is poised to close this week with a bold attempt to break through the bearish price channels on the daily chart in a...
EUR/JPY: Overall trend remains bullish Despite the recent sell-off in the EUR/JPY pair that pushed it towards the support level of 168.00, the overall trend of the EUR/JPY pair remains bullish and stabilized near the resistance level of 169,20 at...