The spot price continued its decline against the DXY for a third straight day, settling around the 0.6880 mark on Wednesday. Although initially supported by hawkish remarks from RBA Governor Michele Bullock, the price has come under pressure....
The market today opened with significant momentum, especially in the southern range at 1.1066, a key level from yesterday’s trading. This indicates that the market has been following a downward trajectory since the previous session, touching the...
What is the Fry Pan Bottom Pattern in forex trading. The Fry Pan Bottom Pattern forms after a downtrend and is characterized by a series of small-bodied candles that create a rounded bottom, resembling the shape of a frying pan. This pattern...
The pair remains firm near a three-week high of 0.6890 during Wednesday's European session, demonstrating solid upward momentum. This rise is largely attributed to the Dollar's strength, fueled by a combination of domestic and global influences,...
The currency pair has remained relatively stable near the 1.3500 resistance level during Wednesday's New York trading session, unaffected by the release of the US Consumer Price Index report. The CPI data aligned with expectations, suggesting a...