Bearish Market Trend Analysis Overview of Current Market Sentiment The broader market trend is currently bearish, indicating a prevailing sentiment among traders and investors that prices are likely to decline. The recent bullish pressure,...
BP/USD The GBP/USD price has declined since AUG 13 on the 4-hour chart. Moreover, the Ichimoku indicator and the bear's 50-day moving average show a downward trend in favour of sellers due to the rapid decline in GBP/USD. In Thursday's trade, the...
Gold stays under modest bearish pressure and declines toward $2500 in the American session on Friday. The 10-year teasury bond yield edges higher toward 3.9% after US PCE inflation data , causing XAU/USD to stretch lower. Gold Price Forcast :...
Insights on USD/JPY Price Movement In our discussion, we are examining the price fluctuations of the USD/JPY currency pair. Recent Decline The USD/JPY pair has experienced a sharp decline this week, primarily due to the Bank of Japan's decision to...
The Average Directional Movement Index (ADX) is a technical analysis indicator used to quantify the strength of a trend regardless of its direction. It was developed by J. Welles Wilder, who also created other well-known indicators such as Relative...