The pair is experiencing mild losses, trading around 1.2636 during the early Asian session on Wednesday. The extended gains in the US Dollar (USD), driven by a cautious market mood, are weighing on this major currency pair. Investors are eagerly...
Crude Oil Price Trends Let's analyze the crude oil price behavior at present. After failing to breach the mirror resistance level at 80.78, oil started losing ground. Sellers have driven the price back to the moving averages, trading near the...
GBP/USD Technical Analysis This week, the price trades within two channels, one of which is bearish, colored red and represents the price movement during the previous week, considered a bearish corrective movement. This means that we have a blue...
Hello all, The analysis suggests that XAUUSD could face a bearish trend in the near future. The immediate target for the bears is to push the price down to 2309, which was the low reached yesterday. There is an ascending support line nearby that...
Hello all, If buyers manage to push the price above the 157.64 resistance, it could lead to further upward momentum. In this case, the next target for the USD/JPY pair would be the higher resistance level of 1.5123. Reaching this level would suggest...