EURUSD Analysis The EUR/USD pair recently appeared in an ascending triangle formation, signaling a possible trend change. The pair attempted to move higher, but encountered stiff resistance near the 1.0520 level. As the support line broke below the...
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Gold experienced a significant bearish reversal on Thursday, breaking both the 20 -day mobile (MA) mobile at $ 2,893 and a weekly minimum prior to $ 2,853. This marked the first decrease to a lower weekly minimum in eight weeks, indicating that the...
EUR/JPY Fundamental Analysis: Today, I’m keeping a close eye on EUR/JPY as it reacts to key economic developments. The euro is under pressure after softer-than-expected Eurozone inflation data, which has dampened expectations for near-term ECB rate...
USDCAD Analysis USDCAD bounced back nicely after finding support near the 1.4150 level. Buyers made aggressive moves and pushed the price above the 20-day and 50-day EMAs. This strength comes as investors react to market speculation about potential...
