Analysis of AUD/USD on the Hourly Chart Recent Price Movements: On the hourly chart, the AUD/USD currency pair was trading within a descending channel. On Friday, the pair experienced an upward movement, reaching the upper boundary of this channel....
USD/JPY: US Dollar - Japanese Yen The technical outlook for the USD/JPY currency pair suggests a continuation of the southern trend, as clearly demonstrated by the TMA (Triangular Moving Average) channel indicator. This downward movement is further...
GOLD ANALYSIS 03 AUGUST 2024 Observing the price of Gold seems to be contrary to the results of the US employment data report last night in the New York session. The price of Gold should have moved higher after forming resistance at 2472. However,...
Analysis of the EurUsd market pair in the Daily Trading time window on the EurUsd market pair yesterday, Friday, was again dominated by buyers who were able to dominate trading by maintaining the support area at a price of 1.0785-1.0787 which made...
GOLD Technical Analysis Update At this point, it is obvious that the gold chart is likely to move higher, therefore, buyers will become a priority. If in the near future we see another upward trend direction, in this case, short positions should be...