The USD/JPY pair has been in a clear downtrend on the H1 timeframe, with price action consistently forming lower highs and lower lows. The pair is currently trading near the 149.28 level, which appears to be acting as a short-term support zone. The...
The Australian dollar (AUD) experienced a modest gain against the US dollar (USD) on Thursday, buoyed by an uptick in Australian consumer inflation expectations. February's reading climbed to 4.6%, exceeding the previous 4.0%, suggesting a degree of...
GBPUSD Weekly Technical Analysis GBPUSD is currently trading near the 1.2630 level after showing bullish momentum over the past few weeks. The price is positioned around the 70-period moving average (MA) on the weekly timeframe, indicating a...
Gold prices are currently on the rise, with a target of reaching $3,000 per ounce. Last week, gold (XAU/USD) settled at $2,936.26, marking a gain of 1.87% and maintaining an upward trend for the eighth consecutive week. The metal reached a new...
The market, in my view, is not governed by fundamental analysis but rather by technical analysis, where price movements are driven from one level to another. While fundamentals do have an impact, I believe their influence is more pronounced in force...
