The USD/JPY pair is currently moving within a clear descending channel on the 4-hour timeframe, reflecting ongoing bearish pressure in the short term. This technical pattern is one of the classic formations that indicate sellers' dominance over...
EUR/USD technical analysis This currency pair has completed A three-wave correction cycle, with the first and third waves almost equal in size. It marks the end of a complete correction cycle, and as predicted, a decline follows. Despite the upward...
EUR/USD Outlook: Mild Pullback Ahead of ECB Decision, Bullish Bias Persists The EUR/USD currency pair faced some selling pressure early Thursday, edging down toward the 1.1365 mark during the initial hours of the European session. Market...
Forecast for Gold Prices: Uptrend Continues Despite Mild Decline After hitting an all-time high of $3,358 per ounce, gold prices saw a modest decline on Thursday. However, the general outlook for the yellow metal is still quite positive, and...
GBP/JPY Technical Outlook: Symmetrical Triangle in Focus as Key Levels Approach The GBP/JPY pair is currently hovering near a critical support zone, with attention centered on the lower boundary of a symmetrical triangle formation positioned around...
