Technical Analysis The Pound Sterling drops to near 1.2400 against the US Dollar as investors worry that a trade war between the US and China could intensify. China retaliates to US President Trump’s tariffs and announces levies on various imports...
AUDUSD Daily Time Chart Analysis The AUD/USD pair has entered a downtrend and has been trading below its 20-day simple moving average (SMA) for four trading sessions. The weakness came after the US imposed new tariffs on Chinese imports, prompting...
The technical landscape for the NZD/USD pair is overwhelmingly supportive of a bullish trend, with the pivotal support at 0.5573 playing an essential role in anchoring the market’s upward trajectory. This level has consistently served as a barrier...
Technical Analysis: EUR/USD EUR/USD rebounds sharply to near 1.0350 as US President Trump postpones his ordersof tariffs on Canada and Mexico for 30 days. Trump’s intentions to impose tariffs on China remain intact. The ECB is expected to cut...
I observe a strong bearish trend on the hourly market chart, which informs my current strategy. I identify the upper boundary of the descending channel at **0.56345** as a critical resistance zone, and I plan to wait for a retest of this level...
