What is the Commodity Channel Index (CCI)? The Commodity Channel Index (CCI) is a momentum-based oscillator developed by Donald Lambert in 1980. It is primarily used in technical analysis to identify cyclical trends in the prices of a wide range of...
Gold price forecast today: will it return to the $2,300/oz support level? The weakness of strong factors and the continued rise of the US dollar led to a sell-off in gold prices, the impact of which pushed gold prices to the support level of...
Analyzing the current state of the EUR/USD pair, it's evident that the exchange rate at 1.0684 reflects ongoing market dynamics. The current bearish trend indicates a decline in the value of the euro relative to the U.S. dollar. This downward...
GBP/USD Analysiserformance will remain limited Since the start of this week’s trading, weak sentiment has hampered GBP/USD’s chances of an upside recovery, with gains failing to break the 1.2702 resistance level as it began to decline again and at...
The levels I mentioned were not tested in the second half of the day. Reports on the corporate services price index, the Bank of Japan's core consumer price index, and the leading economic indicators index led to a surge in volatility, but that was...