This week, the price began trading within ascending price channels and above the weekly pivot level of 1.0730. Initially, the price received support for an upward move, but the middle line of the red channel acted as solid resistance. When the...
US stocks closed lower on Friday after morning gains proved short-lived. Investors analyzed fresh inflation data and weighed political uncertainty following the US presidential debate. Nike Shares Slip on Biggest One-Day Drop in 20 Years on Downbeat...
Technical analysis: EUR/USD rises on possibility of hung parliament in France EUR/USD opened with a positive gap on Monday after Marine Le Pen's far-right National Rally (NR) won by a smaller margin than analysts expected in the first...
The USDJPY rose again on Monday, a sign of continuity after bulls stopped forming on Wednesday/Friday. While traders remain cautious about an impending move, bulls are holding out for now after Japanese authorities reaffirmed their neutral stance in...
The USD has recently shown signs of weakness, leading to an upward trend in the GBP/USD exchange rate. A closer look at the D1 timeframe reveals that the bears appear to be losing momentum, signaling a potential shift in market sentiment towards the...