The wave structure for this older period still shows an upward trend, but the MACD indicator is already declining within the lower sell zone and below its signal line. The MACD indicator shows a significant bearish divergence, even though it has...
The EUR/JPY (Euro to Japanese Yen) currency pair is currently trading at 1.7233 and has been showing a bearish trend. This indicates that the Euro is weakening against the Japanese Yen. The bearish trend in the EUR/JPY suggests that investors are...
GBP/USD Analysis The GBP/USD exchange rate was trading around 1.2730, having dropped sharply during Asian trading on Tuesday. Market participants are eagerly awaiting the release of UK labor market data later in the day. Investors seem to be...
The British Pound (GBP) had a volatile ride against the US Dollar (USD) on Friday. Despite a positive GDP report from the UK, indicating a strengthening economy, the GBP/USD exchange rate failed to gain significant traction. This was due to the...
The currency market witnessed a sluggish close to the week as the Euro (EUR) remained stagnant against the US Dollar (USD) on Friday. This lack of movement came after a period of low trading activity, with traders finding no compelling reason for...