General Points about EURUSD: To understand this market, we should take help from a larger time frame. Analyzing broader trends allows better decision-making and provides clarity on price movements. Firstly, EUR news events were highly negative,...
EUR/USD Price Recap Current Market Situation The H1 chart for EUR/USD is currently displaying an interesting scenario. The price is trading between a support level at 1.0310 and a resistance level at 1.0380, indicating that the market may be...
GBP/USD has remained in a strong downward trend, with 1.2425 acting as a key resistance level that has prevented any sustained bullish momentum. As long as this level remains unbroken, the risk of further declines remains elevated, with 1.2360 and...
USDCHF currency pair - let’s look at the D1 period chart again. The wave structure on this senior period shows an upward trend. The MACD indicator also continues to stay in the upper purchase zone. The first trading day of February turned out to be...
Current Account Balance in Japan The Ministry of Japan recently reported a significant decrease in the Current Account balance, which stood at 1,077.3 billion Yen. This figure is notably lower than November’s reading of 3,352.5 billion Yen,...
