The AUD/USD currency pair is currently facing a critical phase on the 1-hour timeframe, as it retests the ascending trendline that it previously attempted to break but failed. That earlier failure was accompanied by the pair’s inability to form a...
AUD/USD From my view, the Aussie is under a bit of pressure today, sitting below the 0.6450 level. The US dollar’s strength is weighing on it, especially with the market leaning towards the Fed holding rates higher for longer. Recent comments from...
The Hammer candlestick is a single-candle pattern that forms after a price decline. It is characterized by a small real body located at the upper end of the trading range and a long lower shadow. The upper shadow is either nonexistent or very small....
EURUSD Analysis The EUR/USD pair is gradually rising around the 1.1300 level, showing new signs of strength as it continues its upward movement and tests the 50-day simple moving average (SMA) at 1.1390 on the 4-hour chart. This rate of growth is...
### Trend Structure and Price Levels. The daily chart of the GBP/USD currency pair shows a clear bullish recovery structure that has been forming over the past few months. The most notable technical feature is a strong ascending channel that has...
