The Australian dollar initially retreated to 0.6650 but has since shown signs of recovery. It looks ready to exit the full-size square, potentially aiming for the 0.69 level. An interesting development to watch will be whether the 200-week EMA is...
Crude Oil Price Movement The current discussion revolves around analyzing the behavior of crude oil prices. Resistance has formed in 84.71/61, which might signal a rebound and the start of a local #CL reversal. Although not sure, an uptrend (white)...
Price Action Analysis: GBP/ USD We are currently discussing the analysis of the price behavior of the GBP/USD currency pair. This week, GBP/USD tested the daily margin control zone of the 1/2 level at 1.2693, followed by a downward reaction. During...
The price movement of the EURUSD pair after experiencing an upward rally does not seem to have experienced a low enough correction phase. In fact, the price was able to pass the high prices of 1.0817 and continue its upward rally. Indeed, with the...
AUD/USD D1 Analysis 07 July 2024 Over the past few days, the AUD/USD price has been moving in various range zones on the D1 time frame chart, as can be seen by looking at the historical data on the chart. AUD/USD hit the trend line in the last...