I initially anticipated a downward scenario for the DXY (US Dollar Index), with the upward movement being viewed solely as a correction. The liquidity zone, marked by the price gap (imbalance) between the levels of 106.627 and 106.491, had been...
XAU/USD has been showing a promising bullish trend recently, with the formation of two consecutive Japanese Hammer candlesticks on Tuesday and Wednesday, signaling potential upward movement. This price action, coupled with a solid green close on...
The AUDCHF currency pair is declining towards a significant demand area on the daily chart, after a period of consolidation in the base region. The current downward pressure has also breached the neckline of a double top pattern formation. This...
Hello, After a pullback, GBP/USD rose towards 1.2700 in the second half of the day on Wednesday as the US dollar lost strength following disappointing data releases. Markets are eagerly awaiting Fed Chairman Jerome Powell’s speech. The relative...
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