The U.S. dollar rose sharply on Wednesday morning, continuing its strong appreciation against the Japanese yen. This consistent strength of the pair is primarily due to upbeat automotive trading growth, with positive interest rate differentials...
EUR/ USD Price Developments We will discuss the current behaviour analysis of the EUR/ USD currency pair price. In this analysis, I will examine the daily chart. As observed, the euro/dollar pair remains within the descending price channel formed at...
GBP/USD Technical Analysis This week, the price trades within two channels, one of which is bearish, colored red and represents the price movement during the previous week, considered a bearish corrective movement. This means that we have a blue...
Gold Price Action Forecast Our current analysis of the Gold price behaviour suggests a bearish trend for the XAUUSD commodity instrument. We've identified sales targets on the hourly chart, with the first target at the 161.8 level on the Fibonacci...
I initially assumed that the USD/CHF pair would continue downwards. Based on the H4 chart, I expected a medium-term decline and was awaiting confirmation of further decline on higher time-frames. However, contrary to my expectations, there was an...