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...
The upcoming week (February 24 to March 1, 2025) features several significant economic events that could influence the forex markets. Monday, February 24: German Ifo Business Climate Index (February): Scheduled for release at 09:00 AM GMT, this...
The USD/JPY H4 chart shows significant price action, with a clear downward trend forming after an extended bullish rally. The price has recently tested the 149.28 level, which acts as a key support zone. Looking at the historical price movement, the...
The British pound (GBP) experienced a reversal against the US dollar (USD) on Friday, relinquishing its earlier gains and turning negative after reaching a two-month high near 1.2680 during the North American trading session. This shift in momentum...
During Thursday's North American trading session, the US dollar experienced a notable decline, propelling the EUR/USD pair to approximately 1.0450. This downward pressure on the dollar was reflected in the US Dollar Index (DXY), which measures the...
