The daily chart of the AUD/USD pair shows that over time a complex trend structure is formed, in which a clear downtrend is transferred to a consolidation phase and then an attempt is made to reverse it. Initially, the prices showed a strong...
Technical analysis of XAUUSD Today I chose gold for technical analysis, and the market price is currently on a downtrend line, helping the price fall. The market price is descending, and the market price is currently at the 3013 support level. With...
The outlook for the Euro (EUR) has weakened following the release of the European Central Bank (ECB) minutes, which revealed that all officials were aligned on a gradual interest rate cut strategy. The ECB's confidence that inflation will return to...
General Points about AUDUSD: This week hasn't been favorable for AUDUSD participants. At the start of the week, there was optimism in the market as the pair initially moved above the 0.6300 level, suggesting buyers were regaining control and aiming...
Technical Analysis of USDCAD The USDCAD pair closed today’s session at 1.4220, with markets remaining inactive due to holidays. The current price action suggests a potential shift in momentum, as the pair appears to be transitioning into a bullish...
