The recent surge in the price of West Texas Intermediate (WTI) crude oil can be attributed to heightened anticipations of increased fuel demand during the summer season. As temperatures rise, a surge in travel activities is expected, necessitating...
THE CURRENCY PAIR GBP-USD The data came out interesting and, in my opinion, multidirectional; it was possible to choose in which direction to react. We chose the southern direction, and that’s good because I was in the mood for sales. Here, the...
The GBP/USD pair hit the crucial price level of 1.2600 yesterday during its recent decline, as observed on the daily time frame chart. This decline brought the pair down to a significant trend line, illustrated in the attached picture, where a...
Here is the revised version of the text: H4 Period Chart - USDJPY Currency Pair t’s clear now that last week we didn’t see much movement, and I continue to believe in the upward trend. Despite the stagnation, the overall trend in all longer time...
To overcome these hurdles, a retest of the 1.0940 level is likely. Further gains could then target the 1.0980-1.1000 zone, a significant resistance area for traders. Conversely, if the euro falls below the 1.0814 support level, a breakout could...