The current topic of discussion is the analysis of crude oil price behavior. Yesterday, oil continued to consolidate around $78. The upper wicks on the daily candles indicate resistance, suggesting a possible pullback. However, the initial decline...
This week, the price began trading within ascending price channels and above the weekly pivot level of 1.0730. Initially, the price received support for an upward move, but the middle line of the red channel acted as solid resistance. When the...
GBP/ USD Price Overview The GBP/ USD currency pair's price behaviour analysis is currently up for discussion. The GBPUSD currency pair showed little activity yesterday, making for an unremarkable Friday. Typically, a range of 39 points for the pound...
The USD has recently shown signs of weakness, leading to an upward trend in the GBP/USD exchange rate. A closer look at the D1 timeframe reveals that the bears appear to be losing momentum, signaling a potential shift in market sentiment towards the...
The USDJPY rose again on Monday, a sign of continuity after bulls stopped forming on Wednesday/Friday. While traders remain cautious about an impending move, bulls are holding out for now after Japanese authorities reaffirmed their neutral stance in...