The gold market showed modest upside momentum in early trading on Monday, with the $2,650 level providing significant support along with the 50-day exponential moving average (EMA). While the market remains volatile and somewhat noisy, this week's...
The GBP/JPY currency pair experienced a slight decline during the Asian session on Tuesday, trading around the 195.40 level. However, the downward potential for the pair is limited due to several factors. Firstly, the Japanese Yen (JPY) is expected...
Gold prices opened the week on a cautiously optimistic note, buoyed by a slight pullback in US Treasury yields and weaker-than-expected US manufacturing data. This led to a temporary easing of upward pressure on the US dollar. However, the precious...
Support and Resistance in Forex Trading Support and resistance are fundamental concepts in Forex trading that help traders identify key price levels on a chart. These levels act as barriers where the price tends to pause or reverse, providing...
H4 period chart - USDJPY currency pair. Monday is calm, buyers continue to put pressure. The wave structure has changed to ascending again after the descending resistance line was broken upwards earlier. The MACD indicator is in the upper purchase...
