Gbp/Jpy if seller strength becomes more evident during today’s trading, it could provide an opportunity to enter a selling position. Sellers have a significant chance to shift the market conditions from bullish to bearish and bring the price down to...
Analyses of daily chart frames: There has been and remains a downtrend. As can be seen in the waves, they are built descendingly. In spite of this, the MACD indicator continues to grow while remaining in the lower sellers' zone but above its signal...
The spot price has been experiencing weakness, trading around the 1.0975 level as the US Dollar (USD) extends its decline. The USD Index, which measures the USD's value against a basket of six major currencies, has dropped toward the 102.50 level....
AUD/ USD Market Movements We were presently dissecting the dynamic pricing behaviour of the AUD/ USD currency pair. Last week, trading involved multiple pairs. On the weekly chart, I noted that the movement initially trended upward. As we look ahead...
The spot price has halted its five-day decline, trading around 0.6750 during US hours on Monday. According to the latest chart analysis, the pair is showing signs of recovery as it moves upward within an ascending channel pattern, indicating a...