Morning Market Update: USD Index and Gold Analysis Good morning, everyone, and welcome to today's live trading discussion. Yesterday, the USD Index closed on a bullish note, moving up from 105.0 to 105.40. Currently, it is testing the 105.45 level,...
The chart you've uploaded shows the GBP/USD currency pair on a 1-hour timeframe. Here are the key elements and observations from the chart: 1. **Trend Analysis**: - The chart indicates a downtrend, as illustrated by the downward-sloping channel. -...
On June 10th, 2024, the GBP/USD currency pair experienced a decline during the Asian trading session, indicating significant selling pressure in the market. This decline continued until it reached an important support level at 1.26871. However,...
The Japanese Yen (JPY) has been a focal point in recent market discussions, particularly in light of its recent halt in a three-day gaining streak. Investors are scrutinizing the signals emanating from the Bank of Japan (BoJ), with speculation rife...
**EUR/USD Technical Analysis** **H-4 Timeframe Analysis** Last week, the euro was in an uptrend but failed to break the 1.0926 mark, from where the price attempted a breakout and began to strengthen. Repeated attempts were also unsuccessful,...