GBPUSD Last week there were seven signals for the pound dollar. Two of them worked. And basically all the signals were false, they were false mainly due to the fact that from Tuesday to Wednesday the price was trading in a range. When it is trading...
Important Points of AUDUSD: Today's news related to the USD is quite positive, creating a favorable environment for investors and market participants alike. The recent reports highlight that the US Philly Fed Manufacturing Index has risen to 10.1%....
•••EUR/USD Analysis: Navigating the Currents of Currency••• As the forex market rides the waves of economic shifts, the EUR/USD pair stands out, battling against a tide of challenges. This week, the euro is feeling the squeeze from a robust U.S....
A Pennant pattern is a continuation chart formation observed in financial markets when a security undergoes a significant price movement followed by a brief consolidation before continuing in the same direction. This pattern resembles a small...
EUR/USD Analysis EUR/USD declined on Wednesday, falling below the crucial 200-day moving average (SMA) of 1.0872 and reaching a new two-month low of 1.0860. Despite a general decrease in U.S. Treasury yields, the U.S. dollar rallied, pushing the...