The EUR/USD H4 chart exhibits a clear long-term downtrend, as indicated by the persistent price movement below the red moving average, which acts as a dynamic resistance. The market has been making lower highs and lower lows since early September,...
Forecast of Gold On the H1 time frame chart, the price of Gold was trading below the moving average lines. However, the trend direction changed when the Gold crossed the moving average lines to the upside in the final candle. The Gold's H4 time...
Today, I saw sellers of the risky asset unexpectedly seize the initiative. I noticed how they confidently lowered the instrument's quote below the support level and resistance around 1.04574. I believe this area deserves close attention, dear...
USD/CHF Price Forecast Durable Goods Orders in the US declined by 2.2%, or $6.3 billion, in December to $276.1 billion, the US Census Bureau reported on Tuesday. This reading followed a 2% decrease reported in November and came in worse than the...
GBPUSD Technical Analysis A warm, good morning to everyone! I hope you’re all doing well and having a productive start to the week. How was your first day of trading? Yesterday’s market movements were quite remarkable. Despite it being just Monday,...
