US President Donald Trump reiterated his intention to boost domestic oil production to drive down prices, which put pressure on crude oil prices. His pledge was made amid persistent worries over an already abundant supply. Furthermore, a substantial...
Technical analysis of USDJPY Today I picked USD/JPY for technical analysis, and the market price fell one level and is now closer to the trend line, helping to push the price higher. After breaking the market price support at 150.96, it also damaged...
The USD/CHF currency pair has broken through a bearish trend line and has also breached the 50-period Exponential Moving Average (EMA). However, the market is currently trading below this EMA, indicating bearish pressure. The Relative Strength Index...
GBP/USD Technical Analysis Gap Refill and Fibonacci Levels The GBP/USD currency pair has successfully refilled the gap from yesterday, marking a significant technical development. Today, the price action indicates a break above the 23.6% Fibonacci...
The AUD/USD currency pair is currently exhibiting a period of consolidation after recovering from a recent decline. The price is trading around the 0.6275 level, hovering near a key resistance area. Observing the Bollinger Bands, the price remains...
