EUR/USD technical analysis This currency pair has completed A three-wave correction cycle, with the first and third waves almost equal in size. It marks the end of a complete correction cycle, and as predicted, a decline follows. Despite the upward...
GBP/JPY Technical Outlook: Symmetrical Triangle in Focus as Key Levels Approach The GBP/JPY pair is currently hovering near a critical support zone, with attention centered on the lower boundary of a symmetrical triangle formation positioned around...
Breakout Trading Strategy: A Guide for New Traders Breakout trading is one of the most popular and effective strategies used by traders in financial markets. Whether you're trading stocks, forex, or cryptocurrencies, understanding breakout trading...
The recent release of U.S. Core Retail Sales data failed to deliver a meaningful boost for the U.S. dollar (USD). Despite some expectations for a stronger showing, the figures did not impress the markets, leading to muted enthusiasm for the USD. On...
The AUD/USD currency pair is currently trading close to the 0.6360 level on Thursday, showing signs of positive momentum as suggested by key technical indicators on the daily chart. The pair remains positioned above its nine-day Exponential Moving...
