Technical Analysis: EUR/USD falls back from 1.0530 EUR/USD surrenders most of its initial gains as the US Dollar bounces back. Market participants worry that potential German coalition government formation will unlikely uplift the economy. Weak US...
The EUR/GBP pair trades around 0.8300 during early European hours on Monday, as the Euro finds renewed support following Germany’s election results. The victory of the Christian Democratic Union (CDU) and its Bavarian sister party, the Christian...
D1 period chart - EURJPY currency pair. As you can see, the price is pressed down along the general downward trend. Here, the wave structure is still descending. After the last wave of decline updated the minimum of the previous one, the third wave...
The USDCAD pair is currently trading at 1.4212, and I believe the recent price action is influenced by a combination of economic data and technical factors. On Friday, Canada released its December retail sales data, which showed a significant...
Technical Analysis of XAUUSD As of today, 24th February 2025, XAUUSD opened at 2939 after a two-day market holiday. The current price is hovering near a critical juncture, with immediate support at 2920 and resistance at 2945. These levels are...
