In the event that this particular trading scenario unfolds, it is crucial to carefully monitor the level of 0.5969. This level acts as a significant support point in the current market setup. If the price approaches this level from below and then...
The EURUSD family chart paints a compelling picture of the market moving from a long-term downtrend to a clear uptrend, indicating major structural changes. The trend was downward, showing a series of lower highs and lower lows, and this continued...
ANALYSIS OF EUR/USD PAIR. On the 30-minute timeframe for EUR/USD, the price action illustrates a strong bullish trend, marked by a decisive breakout above key resistance levels and consistent price action above the 50-period moving average. From...
GDP reports are a foundational element in fundamental forex analysis. They provide valuable insight into a country's economic health and influence investor expectations, interest rates, and market sentiment — all of which can move currency prices...
AUD/USD This morning, I’m seeing AUD/USD holding near the 0.6410 mark after last week’s modest rebound. Price action still looks cautious, and I get the sense that bulls are lacking follow-through despite a slightly weaker U.S. dollar. Technical...
