As the pair closes in on a significant historical trendline, it is now forming a Rising Wedge pattern, a technical formation that typically signals a bearish reversal. This pattern suggests that the pair may be poised for a downward breakout,...
USDJPY currency pair - D1 chart. During this senior period, it is striking how clearly the bearish divergence worked out, which was earlier in November on the MACD indicator. A good descent that ended in late November, early December at the...
The Cable recently experienced a notable decline, falling to a four-week low against the US Dollar (USD), with the exchange rate reaching 1.2470. This drop came as market participants reacted to the threat of new tariffs from former President Trump,...
Gold shows resilience as it focuses on key levels of resilience Gold prices rebounded on Friday to hit a high of $2,632, slightly above Thursday's high of $2,626. A strong close, placed in the upper third of the daily price range, suggests momentum...
The EUR/USD currency pair experienced limited movement on Friday, hovering just below the 1.0430 level. While it failed to extend the recent bullish recovery, it also didn't lose ground, signaling a period of consolidation. Market volumes were...
