Fundamental Analysis Tuesday's gold price (XAU/USD) moves higher despite the declining value of the US dollar. The US Purchasing Managers Index (PMI) was higher than anticipated last week, which caused Federal Reserve (Fed) policymakers to postpone...
EUR/GBP UPDATES The EURGBP pair experienced a decline towards the demand area 0.8435 - 0.8429, making the direction of the bullish trend weaken. The reason is that the price is currently still below the 200 SMA, while the 50 EMA appears to be...
For this instrument, it is clear that accumulation is underway. I expect this ongoing accumulation to culminate in a significant upward movement. As I've mentioned many times, I plan to monitor the resistance levels at 79.96 and 80.62. Near these...
Previously, USDCAD experienced a very deep decline after the candle was unable to penetrate the supply area at the price of 1.3782. If I'm not mistaken it happened on Wednesday. The currency pair was able to fall by around 70-80 pips. However, after...
On the diurnal map of AUDUSD, I see that this currency brace is in a sideways condition, with buyers stuck at resistance0.67024 and merchandisers stuck at support0.65779. In this situation, it appears that buyers are having difficulty breaking...