I believe that the recent price movements in the XAUUSD pair are primarily driven by profit-taking, followed by renewed buying interest, which sustains the upward momentum. I observed that on Thursday, the price updated its maximum again, and I...
The currency pair is trading flat on the D1 chart, positioned at 1.04594. The InstaForex indicator, which I referenced from the forum, shows an equilibrium between buyers and sellers in the first part, with buyers holding a slight edge at 50.45%. In...
Currency Pair Behavior: GBP/ USD We are examining the dynamic pricing behaviour of the GBP/ USD currency pair in real time. It is difficult to guess at the moment what the further actions of major players will be. So far we have only gone above the...
Money Flow Index (MFI) The Money Flow Index (MFI) is a momentum indicator used in forex and other financial markets to measure buying and selling pressure based on both price and volume. It's similar to the Relative Strength Index (RSI) but...
Current Market Situation of EUR/USD The EUR/USD currency pair is currently presenting an intriguing scenario on its H1 chart. The price is trading between a support level at 1.0310 and a resistance level at 1.0380. This price action indicates that...