The GBP/USD pair formed a Hanging Man candlestick reversal pattern (blue rectangle on the chart below) on Wednesday, suggesting that the pair may have further downside in the near term. This pattern was confirmed after a long red bearish day that...
EUR-USD PAIR ANALYSIS This week the EURUSD pair closed positively after going through a fairly dramatic up and down phase, especially ahead of the FOMC meeting early Thursday morning. Interestingly, the price position on a weekly and daily basis is...
Gold prices soared to a record high of $2,625 per ounce, fueled by growing anticipation of Federal Reserve interest rate cuts and escalating tensions between Israel and Hezbollah. The precious metal's ascent came amidst a broader risk-off sentiment...
CHEATER TRADING JOURNAL EUR/USD Greetings to all who read me! In this situation, I would consider buying from the price of 1.1161. If suddenly the chart goes down to 1.1100, I will consider it necessary to close the deal. I expect to receive income...
The euro against the US dollar faced selling pressure above 1.1150 during the North American trading session on Friday. As the US dollar (USD) rebounded, the major currency fell. The US dollar index (DXY), which measures the value of the US dollar...