Daily time frame chart outlook: The AUDUSD price activities were generally in a bullish trend earlier, but they tested the overbought level, which is why the price fell in response to the adjustment. The price has been moving in a descending channel...
USDJPY ANALYSIS 02 JUNE 2024 The USDJPY pair is trading in attempts to develop a bullish direction. But, while there is no good shot, it is too early to talk about medium-term purchases. This scenario is confirmed by the Trend line, which lies at...
The British Pound (GBP) weakened against the US Dollar (USD) last Friday, with the GBP/USD pair dropping to around 1.2660. This decline coincided with a rise in the US Dollar Index (DXY), which measures the strength of the USD against a basket of...
GBPUSD D1 The British Pound (GBP) faced headwinds on Friday after a three-day rally, as the US Dollar (USD) strengthened. The GBP/USD pair dropped to around 1.2760 after the US Dollar Index (DXY) rebounded above 105.00. This rise in the USD came...
USD/JPY Pair Analysis: Key Levels and Market Trends The USD/JPY pair closed last Friday at 157.38. Today is Sunday, and the market is currently on a weekend break. On Friday, the USD/JPY pair exhibited significant movement on the H4 chart. After...