GBP/USD is currently positioned in a bearish structure, with 1.2425 acting as a critical resistance level, limiting any potential upside moves. As long as this level is not breached, the risk of a downward continuation remains elevated, with an...
Weekly Analysis of AUD/USD Movement Overview of AUD/USD Performance The Australian Dollar (AUD) has shown a strong recovery against the US Dollar (USD), bouncing back to approximately 0.6280 after a weaker opening at around 0.6235 during Monday's...
General Points about EURUSD: To understand this market, we should take help from a larger time frame. Analyzing broader trends allows better decision-making and provides clarity on price movements. Firstly, EUR news events were highly negative,...
Oil Price Forecast for February 10, 2025 On the weekly chart, the price briefly dipped below the MACD indicator line before rebounding. The new trading week opened above this line, and the price is currently testing resistance at 71.44. The signal...
Gold Technical Analysis and Uptrend Continues. Gold is currently showing strong positive momentum and is trading near 2906. The market gained momentum after breaking the key resistance level of 2885, which led to an increase in price. Gold reached a...
