EUR/USD Technical Outlook: EUR/USD has been stuck in a consolidation phase, hovering between 1.0920 and 1.0980. The 200-day SMA around 1.0950 is acting as a key pivot level, and right now, momentum looks neutral. The RSI is sitting near 52, showing...
GBP/USD Forecast Good Morning, guys! The UK GDP rate might bring volatility in the GBP/USD market this week. Investors will closely watch the economic growth data to assess the strength of the British economy, which could impact the direction of the...
This week has seen no significant changes in the market. The prevailing trend continues to favor a downward movement, as indicated by the recent performance of currency pair quotes. Notably, the quotes have dipped below the psychological level of...
USDJPY currency pair - D1 period chart. The price was falling for the main part of the last week because weakening the US dollar was going on in the market, especially the euro and the pound grew almost vertically. The ascending wave structure can...
USD/JPY Technical Analysis: USD/JPY is hovering around 147.50, struggling to clear the 148.00 resistance. I have been watching a descending trendline forming on the 4-hour chart, and unless we get a clean breakout above 148.00, the pair might stay...
