General Points of XAUUSD: We have observed that as the U.S. dollar stabilized, the XAUUSD market began to trend downward. On Friday, this market closed at the 2747 level, which serves as a middle point. Below this level, the 2738 mark, and above,...
The Australian dollar shows limited movement on Monday. In the European session, AUD/USD is trading at 0.6609, up 0.13%. It's been a bumpy ride for the Aussie, which is experiencing a fourth straight losing week and is down a massive 4.4% in...
TRADING CHART ON USDX H1. The dollar index experienced a rejection or false break when it tested the resistance at 104.51. Although the price continued to rise, reaching a high of 104.54, it then corrected downward. The ongoing decline created a...
Evening Star Candlestick Chart Pattern The Evening Star candlestick pattern is a bearish reversal pattern typically observed at the top of an uptrend, signaling a potential trend reversal. It consists of three specific candlesticks: First...
Currently, the USD/CHF exchange rate stands at 0.8662, reflecting a persistent bearish trend that has gradually built over recent weeks. The pair's steady decline aligns with broader market dynamics and economic factors impacting both the U.S....