The GBP/USD currency pair did not come close to the moving average line on Tuesday. Although a new corrective movement appeared to be starting on Monday, it quickly lost steam. During both Monday and Tuesday, the market had no reason to abandon...
TRADING CHART ON GOLD D1. The provided daily chart of gold (GOLD, D1) showcases a robust and sustained bullish trend that has been in play since mid-2023. The price is consistently trading above its 200-day moving average (red line), which serves as...
The GBPCHF exchange rate started the week with a continued downward trend that had already begun the previous Friday. The price dropped below the 1.1100 psychological level and reached a low of 1.1090. However, the price attempted to move upwards,...
USD/JPY Technical Analysis: Today, USD/JPY is trading around 158.00, showing some consolidation at this level. In my view, key support lies at 157.35, while resistance is at 159.75. The bullish channel remains intact, suggesting the potential for...
The EUR/USD currency pair experienced a brief rebound from its recent lows, reaching near the 1.0300 level. However, the recovery proved fragile, with the pair remaining under pressure, highlighting the bearish sentiment that has dominated the...
