Greetings and Good Morning, guys! Yesterday, the US ADP Non-Farm Employment Changes data showed a significant drop from 141K to 77K, which weakened the USD considerably. This decline in employment growth raised concerns about the strength of the US...
Today, I've already mentioned that there are significant reasons to believe that the upward movement on the H1 chart has come to an end. This conclusion is based on the presence of a complete set of internal zigzags upward, identified as a-b-c...
On Wednesday, Gold once again challenged the resistance, testing the 78.6% fibonacci setback around the level of $ 2,930. After an earlier fall to support $ 2,894, prices recovered, pushing the maximum of the day slightly above Tuesday's peak of $...
USDJPY Technical Analysis USDJPY is in a strong bearish trend on the H1 timeframe, with the price trading at 147.570. The 150-period moving average (MA) is trending downward, confirming selling pressure. The price is significantly below this MA,...
Date: 6th March 2025. The Euro is on The Rise But Is the Currency Overbought? In addition, the German Bond fell and witnessed their worst day in almost 30 years. As a result the higher bond yields also continue to support the Euro. Currently, the...
