The current market outlook indicates a continuation of the downward trend, as clearly demonstrated by the Triangular Moving Average (TMA) channel indicator. This indicator shows a consistent southward movement, suggesting that the market is...
**EUR/JPY Analysis: Bullish Momentum with Potential for Reversal** As of August 13, 2024, the EUR/JPY currency pair is exhibiting strong bullish momentum, having formed a bullish triangle pattern. This pattern suggests that in the short term, the...
Oil price extends gains after some small profit taking during the Asian trading hours. Traders sent crude prices up near 3% on Monday even as the OPEC report cut the demand outlook. The US Dollar Index trades at the pivotal 103.18 level after being...
It seems you're providing an analysis of the AUD/USD currency pair. You’ve observed that the pair has started a notable upward correction, and you're predicting that it might soon reach a resistance zone indicated by an upper green line on your...
The 86 figure has entered the market, and so far, we are observing a pullback from 0.8690. At this point, we are looking into the US employment and unemployment data and its implications. If the data comes out positive, this pair could potentially...