The GBP/USD pair formed a Hanging Man candlestick reversal pattern (blue rectangle on the chart below) on Wednesday, suggesting that the pair may have further downside in the near term. This pattern was confirmed after a long red bearish day that...
EUR-USD H4 ANALYSIS CHART Salutations, Ram Adis! Regarding the EUR-USD trading instrument, we can observe that the European currency ended the week stronger versus the US dollar. Based on the technical aspects of the movement, we can see that the...
The euro against the US dollar faced selling pressure above 1.1150 during the North American trading session on Friday. As the US dollar (USD) rebounded, the major currency fell. The US dollar index (DXY), which measures the value of the US dollar...
Ethereum Price Tendency Ethereum, the second-largest cryptocurrency by market cap, has been drawing attention due to its potential to outperform Bitcoin. According to a recent report by Steno Research, Ethereum might be on the verge of doubling its...
EUR-USD PAIR ANALYSIS This week the EURUSD pair closed positively after going through a fairly dramatic up and down phase, especially ahead of the FOMC meeting early Thursday morning. Interestingly, the price position on a weekly and daily basis is...