On the daily chart for the British currency, we observe a clear signal to sell. Let's delve into the details of this analysis to understand the underlying factors contributing to this conclusion. The pound/dollar (GBP/USD) pair has been trading...
AUD/ USD Price Summary I will examine the dynamic pricing behavior of the AUD/ USD currency pair in real time. Buyers failed to hold above the 61.8% correction level between the 0.6575 to 0.6703 wave, resulting in a break below it, suggesting...
Hello, I examined the H4 chart for gold prices and observed notable movements as the week commenced. The price declined from the 2286.77 support level but subsequently bounced back. Currently, the market is highly influenced by significant FOMC...
Regarding the broader market performance, a note from iForex Europe, a foreign exchange trading company, highlights that the US dollar has been on the rise, largely due to increasing Treasury yields. This rise in Treasury bond yields is attributed...
On the reverse trading, a breached and sustained consolidation above 1.2800 will invalidate my bullish bias, and change the outlook of the currency pair entirely. The Bulls are likely to take control if the pair manages to hold above this level,...