NZD/JPY is currently entrenched in a downward trajectory, with the 87.22 level standing firm as a key barrier preventing any meaningful upside break. As long as this resistance remains intact, the technical outlook favors further declines. The RSI...
Technical Analysis: EUR/USD wobbles around 1.0500 EUR/USD retraces below 1.0500 on Wednesday as the US Dollar gains amid a strong recovery in US bond yields. Republicans-controlled House of Representatives passed a $4.5 trillion tax cut plan on...
GBP/USD price forecast GBP/USD climbs another quarter of a percent to reach new 10-week highs. Cable traders are pushing the pair into 1.2700 despite thin headlines. No news is good news as the UK looks set to continue coasting, BoE set for three...
The AUD/USD pair continues to exhibit a bearish bias, with technical indicators suggesting further declines in the near term. The pivot point at 0.6350 serves as a key resistance level, and as long as the price remains below this threshold, downside...
Bearish Belt Hold Chart Pattern The Bearish Belt Hold is a single-candlestick pattern in technical analysis that suggests a potential reversal from an uptrend to a downtrend. It is considered a type of Marubozu candle and falls under the category...
