Analysis of USD/JPY Currency Pair For the USD/JPY currency pair, predicting a rise beyond the resistance level of 160.83 is challenging, as this is a solid resistance point. This level has historically acted as a barrier, making it difficult for the...
The Euro (EUR) staged a short-lived comeback against the US Dollar (USD) on Thursday, clawing back some losses from earlier in the week. However, despite the temporary uptick, the overall sentiment for the EUR/USD pair remains bearish. Technical...
Gold market analysis On Wednesday (June 26), gold prices fell nearly 1%, hitting a low of $2,293.49, the lowest level since June 10, and closed at $2,297.91 per ounce. The market continues to digest the possibility that the Federal Reserve is...
USD/CHF pair would continue downwards. Based on the H4 chart, I expected a medium-term decline and was awaiting confirmation of further decline on higher time-frames. However, contrary to my expectations, there was an upward movement. The resistance...
The current exchange rate for the Australian dollar stands at approximately $0.6655, reflecting a period of stability in the foreign exchange market. Analysis of daily charts reveals that the AUD/USD pair is currently moving within a rectangular...