GBP/USD Technical Analysis As the price receives support from the lower channel lines, it is now in a good buying zone. This week, the lower channel lines represent the price traded in the support area. Prices formed a bottom with the channels, but...
USD/JPY D1 chart Our current focus is evaluating the price action of the USD/ JPY currency pair. The Japanese yen continues its strengthening trend against the US dollar, with a clear downtrend forming on the USD/JPY weekly chart. According to...
EUR/USD D1 chart Despite this uptick, the Euro has faced challenges in its recovery efforts. This is surprising given the recent Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for July, which showed an unexpected rise to 2.6%....
Bitcoin Technical Analysis According to a CryptoQuant analysis, Bitcoin (BTC) fell below $60K on Friday after a short period of investor profit-taking. Meanwhile, an increase in BTC options open interest (OI) indicates that traders are hopeful about...
It sounds like the market is in a state of uncertainty, with traders closely monitoring the US dollar ahead of the Federal Reserve Chair's upcoming speech on Friday. The anticipation is palpable, as many believe that the Chair might provide hints or...