The EUR/USD daily chart shows a strong bearish trend, with price action forming lower highs and lower lows. The red moving average (likely a 50-day or 100-day MA) has acted as dynamic resistance, with price rejecting it multiple times before...
XAU/USD Daily Technical Analysis Gold reached a record high of $2881 yesterday, continuing its strong bullish trend. On the daily timeframe, today’s candle opened at $2868 and initially dipped to $2850 before showing signs of stability. On the H1...
Forecast of USDJPY The range zones where the USDJPY was trading included one above the 50 EMA line, where the price moved when the USDJPY tested the 50 EMA line during the price decline. The price of the other range zone, which is below the 50 EMA...
The USD/CAD currency pair edged higher during Thursday's Asian trading session, rebounding from recent lows and approaching the 1.4270 region seen in the previous session. The spot price is currently trading around 1.4345, reflecting a modest gain...
Technical analysis of AUDUSD Today I choose AUD/USD for technical analysis. The market price fell below the 0.6294 resistance and rebounded after reaching the 0.6223 support. If the market fails to break above this support, the price is likely to...
