In my morning forecast, I focused on the 1.1117 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened. A decline and a false breakout around 1.1117 triggered a buy signal for the euro,...
The price is currently facing resistance as pressure on the US Dollar (USD) eases, due to a notable reduction in expectations for a significant interest rate cut by the US Federal Reserve (Fed) in September. The CME FedWatch Tool reveals a sharp...
The analysis of the AUD/USD currency pair's price movement suggests that after an initial increase, the pair is expected to decline. The chart illustrates the anticipated behavior, with the pair projected to continue rising and reach the 14.5%...
In this technical article, we will take a quick look at the Elliott Wave charts of the GBPUSD forex pair published in the members section of the site. As our members know, GBPUSD recently gave us a correction to the 1.2664 low. The pair reached our...