Forex (foreign exchange) trading involves the buying and selling of currencies to profit from changes in exchange rates. Among the various technical analysis tools traders use to predict market behavior, chart patterns play a pivotal role. One such...
The EUR/USD currency pair traded near 1.0350 during early European trade on Wednesday, facing potential headwinds from a potential slowdown in the pace of interest rate cuts by the Federal Reserve. Recent strong US economic data, including a robust...
XAU/USD XAU/USD Technical Analysis XAU/USD is in an uptrend today after testing the 2645 support. The price initially dropped to 2644 but later recovered and is currently trading around 2653, indicating fresh bullish momentum. The 20 moving average...
EUR/JPY EUR/JPY outlook: The EUR/JPY pair is currently trading just under 164.31, reflecting some bullish momentum. This upward movement is certainly worth noting, as it’s driven by a complex mix of economic fundamentals, central bank policies, and...
USD/CHF Technical Analysis: Current Price Action: The USD/CHF is currently showing some fluctuations. The price is holding near a crucial support level of around 0.9220 after testing the resistance at 0.9280. It’s clear that the pair is in a...
