EUR/USD technical analysis Currently, EURUSD is trading at 1.0935. Since the morning, the price has shown a joyous sluggish moment, and we tested the daily SMA-50 at 1.0955. Prices are moving downward as the SMAs of 150, 200, and 50 fail, but buyers...
The analysis of the EUR/USD currency pair reveals a compelling narrative of potential bearish momentum as we approach the upcoming week. As the price hovers below the significant resistance level of 1.0951, the market sentiment appears increasingly...
Analysis of the EURUSD pair on the daily time frame.The EURUSD pair was still moving yesterday, Friday, in a limited or sideways manner. Buyers and sellers were still strong to hold the support zone at a price of 1.0930 and the resistance zone at a...
USD/JPY technical analysis Greetings to the Forex community. I hope you enjoy my most recent post analysis. Starting at 149.40, the dollar index declines. Currently, the US dollar is trading at 149.12 cents per dollar. There is a downward movement...
The 50% Fibonacci retracement level is a widely used but technically unofficial Fibonacci level in trading. While the official Fibonacci retracement levels are derived from the Fibonacci sequence (23.6%, 38.2%, 61.8%, 78.6%, etc.), the 50% level is...