The GBP/USD pair formed a Hanging Man candlestick reversal pattern (blue rectangle on the chart below) on Wednesday, suggesting that the pair may have further downside in the near term. This pattern was confirmed after a long red bearish day that...
Current Scenario of XAU/USD Quotes: The price of Gold (XAU/USD) recently surged to new highs, reaching $2625.20 by the end of the week. This increase came despite mixed market signals and a bearish outlook from some indicators. One of the main...
EUR/JPY H4 MARKET ANALYSIS. Good morning to all my friends, this morning I will try to analyze the EUR/JPY currency pair on the H4 time frame. Yesterday, moving the EUR/JPY currency was quite low but still in the resistance area of 162.84. I could...
EUR/USD As for the EURUSD trading instrument, as we see, the trading week ended with the strengthening of the European currency against the US dollar. Adhering to the technical aspects of the movement, we see that the EURUSD value was fixed above...
The euro against the US dollar faced selling pressure above 1.1150 during the North American trading session on Friday. As the US dollar (USD) rebounded, the major currency fell. The US dollar index (DXY), which measures the value of the US dollar...