The pair currently exhibits a mixed outlook, influenced by uncertainties surrounding China’s economic health and potential shifts in US monetary policy. Market sentiment remains cautious as traders weigh China’s subdued stimulus measures against the...
GBP/USD Technical Analysis: Right now, GBP/USD is hovering around 1.2600, and I’m seeing mixed signals on the charts. On the 4-hour timeframe, it’s stuck near the 50-day EMA, which suggests indecision in the market. Key resistance is at 1.2650—if...
Technical analysis of USDJPY Today I picked USD/JPY for technical analysis, and the market price fell one level and is now closer to the trend line, helping to push the price higher. After breaking the market price support at 150.61, it also damaged...
oooUSDCAD: A Tight Rope Waak Between The Two Economies (10/12/2024)ooo Now lets see what we have here. Trades completed under management Do scrutinize them. Trade Completed Screenshot Below. To get prior updates one can contact here...
Current market conditions suggest that traders should exercise caution as the US Dollar’s recent strength, driven by rising yields and political speculation, may face a pullback or consolidation. Despite its resilience, declining US bond yields have...