The morning trade on Monday saw the light crude oil market open with a notable gap, only to reverse the course and test the recently broken support levels. The central question now is whether the market can collect sufficient impulse to resume its...
Currently, I observe that the GBP/USD pair is moving north, but the daily chart shows a recent sideways movement. I am keen to determine whether this sideways trend will persist or if another scenario might unfold. Based on my technical analysis, I...
Forecast of AUDUSD The AUDUSD's H4 time frame chart indicates that it altered the trend direction a few hours ago by crossing the moving average lines to the downside. Before this crossover, the price was hovering above the 50 EMA line, indicating...
EURUSD Technical Analysis EURUSD is currently trading around 1.0497, reflecting a bearish market structure. The 150-period moving average is sloping downward, confirming ongoing selling pressure. RSI stands at 62.01, indicating mild bullish...
USD/CHF remains under sustained pressure for the fourth consecutive session, trading around 0.8970 during Asian hours on Tuesday. The pair’s decline is primarily driven by a weaker US Dollar (USD), which has struggled following disappointing US...
