The British Pound (GBP) has shown modest gains against the US Dollar (USD) during the session, retreating slightly from its overnight peak near 1.26, its highest level since late last year. According to Shaun Osborne, Chief FX Strategist at...
The USDCAD H4 chart shows a strong uptrend that has been in play since late August, characterized by a series of higher highs and higher lows. However, recent price action indicates a shift in momentum as the pair has broken below the key support...
I begin my analysis by examining the current price action of EUR/USD, which recently climbed to 1.0510 before retracing. I observe that the pair now faces a critical test as buyers attempt to push toward the 38.2% Fibonacci retracement level at...
TRADING CHART ON GOLD H1. Last Friday, gold prices experienced a significant decline, dropping below the psychological level of $2,900. This drop was driven by various investors and market participants engaging in profit-taking activities. However,...
T E C H N I C A L _ A N A L Y S I S E U R / U S D I would examine how EUR/USD prices have changed over time and how this has affected market behavior. Let's elaborate on the price action of EUR/USD. EUR/USD is trading at 1.0491 at the time of...
