USD/JPY tests intervention level, buyers may look for a new high above 160. The dollar was again in the intervention zone against the yen during the European session on Wednesday (June 26), hovering just below 160. It was reported at 159.958/68...
The GBP/USD currency pair has begun forming a bottom with the lower red channel line, targeting the weekly resistance level of 1.2686. If the price successfully breaks the resistance at 1.2670 and the D1 candle closes above it, this could be a buy...
The USD/CHF pair is currently trading around 0.8962, and the prevailing trend appears bearish. This suggests that market activity is subdued, potentially building towards a significant movement in the near future. Traders and analysts often observe...
What is the Commodity Channel Index (CCI)? The Commodity Channel Index (CCI) is a momentum-based oscillator developed by Donald Lambert in 1980. It is primarily used in technical analysis to identify cyclical trends in the prices of a wide range of...
This week starting from Monday the market is being corrected upwards, but has not been able to touch the 100 period simple moving average line, however, for the monthly trend, the price still appears to be running in the bearish zone. On the EurUsd...