Navigating the Waves: Gold Prices We are currently studying the ongoing Gold price action assessment. As tensions in the Middle East are on edge, gold will likely experience a correction, unfolding as the price moves downward, breaking out of a...
Analyzing GBP/USD Price We can discuss the analysis of the GBP/USD currency pair's price behaviour. I expected the pound to drop by 150–200 points, reaching the second ascending support line around the 28th figure, before rebounding upwards. There...
USD/JPY Price Action Outlook The analysis of the price behaviour of the USD/JPY currency pair is a matter for discussion. For USD/JPY, there’s been some minor profit-taking, but the pair remains poised for new highs. Today, we may attempt to break...
USD-JPY Technical Analysis – 08 October 2024 In carrying out this analysis I used the help of indicators: • Simple moving average period 150 • 60 period simple moving average • MACD indicator (12,26,9) • Relative Strength Index 14 indicator The...
EUR/ USD Price Patterns Let's analyze the EUR/ USD currency pair's price activity and see what insights we can gather. The likelihood of a decline in the EUR/USD pair remains high. On the 4-hour chart, the pair is clearly in a downtrend, with the...