EUR/USD Technical Analysis: EUR/USD is hovering around 1.0880, struggling to push past the 1.0900 resistance. I’ve been watching the 50-day SMA, which is acting as a barrier, while the 200-day SMA is providing support near 1.0840. If the pair...
Good Evening, Dear, all forex traders. Welcome to my trading journal. Today, I will discuss the XAUUSD pair. Below is the analysis of the XAUUSD pair on the H4 timeframe. H4 Timeframe: Looking at the H4 timeframe, strong resistance is seen moving...
GBPUSD Analysis The GBP/USD pair is currently priced at 1.2415, showing a slow decline, which indicates a gradual decrease in the currency’s value. If the price consolidates below the support level of 1.2050, there could be a further decline towards...
The dovish tone from Japanese authorities continues to weigh on the Japanese Yen (JPY), while the Euro (EUR) finds mixed support from economic developments. Bank of Japan (BoJ) board member Toyoaki Nakamura recently emphasized the need for caution...
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