The crude oil market in the H1 timeframe has shown a prolonged downtrend, with price action consistently making lower highs and lower lows. The current price of 71.05 suggests that the market is in a consolidation phase after a significant bearish...
Weekly Analysisollar Index Surge Amid Tariff Threats Overview of the Dollar Index Movement On Friday, the dollar index (DXY) experienced a notable increase, rising to 108.2. This surge was primarily driven by the anticipation of reduced dollar...
The GBP/USD weekly chart presents a long-term bearish trend with multiple retracement phases, consolidations, and resistance rejections. Historically, the pair traded above 1.70 in mid-2014 but experienced a sharp decline due to Brexit uncertainty,...
US President Donald Trump reiterated his intention to boost domestic oil production to drive down prices, which put pressure on crude oil prices. His pledge was made amid persistent worries over an already abundant supply. Furthermore, a substantial...
EUR/USD On Friday, the bears on the EURUSD pair were able to draw a black candle on the daily period, lowering the price to the beginning of the 1.03 figure. They closed the day below EMA9, while leaving it in the range of the previous week. After...
