AUD/USD Technical Analysis: AUD/USD has been consolidating around 0.6550-0.6600. It is now struggling to break key resistance at 0.6620. The 200-day SMA is capping upside momentum, while the 50-day SMA is providing near-term support around 0.6550. ...
GBP/USD Market Overview The GBP/USD market ended its downtrend last week, reaching a weekly high of 1.27151 before closing at 1.25752. The GBP/USD market faced selling pressure, which led to a break below a critical support level. Daily chart...
GBP/USD Technical Analysis: GBP/USD closed the week on a bullish note, pushing towards 1.2700. I’ve been watching how the pair has held above the 50-day SMA, which suggests further upside potential. Key resistance stands at 1.2725, and if that...
USD/JPY Weekly Analysis and Forecast Market Overview The USD/JPY market closed last week at 150.625 after testing the 149.00 support level on Friday. The USD/JPY market initially fell but recovered towards the 151.300 resistance level and the 20...
Today, I would like to draw attention to the daily period, where I observe that the bears are still firmly in control and continue to develop their downward direction. I believe there is still significant potential for further decline, as I...
