The EURUSD chart on the H4 timeframe shows a significant upward movement, almost reaching the 200-day moving average. However, a slight rejection at the 1.0632 area suggests the need for caution. The 200-day moving average is typically an important...
Yesterday, the situation with the Pound developed interestingly on the non-farm data. They came out in favor of the Dollar, but immediately after the release, for some reason, it began to sag. It is possible that this was how they drove buyers into...
GBP/AUD Weekly Outlook Greetings and Good Morning to everyone! This week, the Australian news data was not too good as the Retail sales and the BA governor's speech couldn't bring anything for the dollar. Whereas, the BOE's governor speech and...
EUR/USD technical analysis A bullish engulfing pattern can be seen on the H1 chart. This pattern is ideal because the bodies and shadows of bullish candles completely close those of previous bearish candles. Based on the H1 chart, oil prices may...
Gold Analysis: Bear Flag Faces Challenges, Reversal Potential Gold attempted to break out of a bearish flag pattern on Friday, falling below both the low of the flag and the 20-day moving average (MA), which coincided in the same price zone....