While observing the forex pair on the four-hour chart, I noticed the prevailing downtrend in the British Pound against the American Dollar. My analysis of recent price action and technical indicators suggests continued downward pressure in the short...
Current Trends in the AUD/USD Currency Pair: A Bearish Outlook The AUD/USD currency pair has been trading sideways around the 0.6572 level, with the market dominated by bearish sentiment. This is well supported on the downside by the strong US...
I’m taking a relatively calm approach to analyzing the gold market today, as it is currently in a period of stagnation. I have a position on copper (the "red metal") and have placed my stop-loss further away, anticipating a rise in gold prices to...
USDCAD Good afternoon everyone, I hope we are all in good health and ready to continue trading activities today. Currently we have the opportunity to determine several strategic trading positions, of course based on the analysis that we have carried...
On Friday, USD/CHF traded in favor of sellers as buyers failed to break the resistance level of 0.8609. Technical analysis on the 1 hour chart signals further bearish potential. The decline will continue until Monday, with the bears aiming to push...
