The pair experienced a slight decline around the 1.3060 mark during the early US session on Friday, reversing its three-day losing streak. In the absence of any significant UK economic data releases, the pair's movement has been largely influenced...
What is a hammer candlestick pattern in forex trading. Considered a reversal formation and forms when price moves well below open, but then rallies to close near open if not higher. (Inverted hammer is the mirror opposite) Forms a candlestick with...
Analysis of the USD/CHF Currency Pair Analyzing the USD/CHF currency pair is crucial at the moment due to its interesting price movements and significance in the forex market. Currently, USD/CHF is in a bearish trend, and the recent session...
USD/JPY Technical Analysis The strength of the yen has increased due to interventions by the Bank of Japan and the overall weakening of the U.S. dollar. On the daily chart, a downward price movement is evident. According to the Elliott Wave Theory,...
GBP/USD Status and Market Analysis The GBP/USD pair experienced some decline during the North American session, hitting a three-week low of 1.3067, but later managed a slight recovery. As traders awaited the Federal Reserve's upcoming monetary...