The price of gold has surged to a new historical high, nearing $2,483 per ounce, driven by growing expectations of an imminent interest rate cut by the Federal Reserve. Federal Reserve Chairman Jerome Powell's recent statements underscored...
Analysis and Trading Strategy for USDCAD: Hello, traders. Let’s delve into finding the precise entry point for the USDCAD pair on the chart. After a thorough analysis, I am inclined towards selling the instrument from the 1.38166 level. This...
**Technical Analysis of EUR/JPY on D1 Chart** Greetings, Sergey! The EUR/JPY currency pair is currently in a neutral position, exhibiting characteristics reminiscent of nested dolls, with patterns visible across various scales. This analysis aims to...
In recent trading sessions, the pair has shown a tendency towards bearish movements, largely influenced by a weakening of the dollar. Despite hitting an impressive peak of 161.97 earlier this month, the currency pair has retreated significantly this...
After breaking through the resistance line of the daily channel (trend line), the bulls gave a signal to change the daily trend from downward to upward, with the subsequent attack on the next local resistance at around 1.09852. The bulls failed to...