Let’s consider the chart of the D1 period - the AUDUSD currency pair. The wave structure is still building its order downwards. The MACD indicator is falling in the lower sales zone and below its signal line. For many days in a row, the price was...
Hello, GBP/USD remains under downward pressure near the 1.2720 region on Tuesday, driven by continued buying in the greenback ahead of Wednesday’s US CPI release. A breakout could be in order. In this scenario, 1.2700 (Fibonacci 38.2% retracement)...
M-30 Chart Technical Outlook AUD/USD Hello, in my opinion, at the moment the AUDUSD chart has drawn something like a clearly expressed buy signal, but in fact, the upper boundary of the safe zone of 0.6378 did not want to let the price of this...
GBP/USD From my perspective, the GBP/USD pair seems to be under pressure, influenced by contrasting economic trends in the UK and the US. The UK economy is showing signs of strain, with recent GDP data reflecting sluggish growth. High inflation is...
USD/JPY Technical Analysis Right now, USD/JPY is trading around 147.80, showing some consolidation. On the 4-hour chart, I’ve noticed the pair testing the 50-day EMA, which seems to be acting as support near 147.50. If it breaks below this level,...