GBP/USD continues to trade below the 20-period and the 50-period Simple moving Averages (SMA) on Monday. Additionally, the Relative Strength Index (RSI) stays near 40, pointing to a lack of recovery momentum. On the downside, immediate support is...
The appearance of the Simple Moving Average 150 and Simple Moving Average 60 indicators which are pointing upwards, it is possible that this condition will continue until the end of the week tomorrow if buyers are able to consistently maintain their...
Silver: The Art of Price Action Analysis Our current focus is on evaluating the Silver price action. Silver (XAG/USD) is trading within a narrow range of around $29.49 during Friday's European session. The precious metal is consolidating as...
EUR/USD Pair Technical Analysis Let's look at the H4 chart again. This chart shows that the EURUSD pair has a stable upward trend in this period, but now it's in the correction phase. The wave structure is building its order upwards, the MACD...
The currency pair experienced a modest uptick during the Asian session on Monday, moving away from its recent low of 0.6790, a level not seen since early May. Currently trading just below the mid-0.6800s, the pair appears to have ended a nine-day...