Hello all traders, there is no specific news concerning the EUR. However, US news events will have a significant impact later. Understanding this optimistic backdrop requires acknowledging the cyclical nature of market dynamics. While buyers...
GBPCHF H1 Today, I was slapped by the fact that EURAUD was moving bearish instead of bullish. Again, the technical analysis that I relied on yesterday gave an unfavorable signal. It seems that the market is still dominated by sellers who are pushing...
USD/JPY CURRENCY PAIR ANALYSIS: The price initially declined from the 157.60 support level but subsequently bounced back, indicating a brief recovery. However, despite this rebound, the price appears to be stalling and is now testing the critical...
I fully admit that yesterday’s accumulation will result in a sharp northern exit. As I have said many times, I plan to monitor the resistance level at 79.96 or the resistance level at 80.62. Near these resistance levels, two scenarios can unfold....
The British Pound is currently licking its wounds after the Bank of England's (BoE) decision to hold rates sent it tumbling to a one-month low. GBP/USD is hovering around 1.2600, potentially setting the stage for a further decline. The BoE's dovish...