The Pound Sterling showed resilience against the US Dollar in early Wednesday trading. This followed a report from the US Department of Labor indicating a slowdown in inflation rates across the United States. As investors awaited the Federal...
Hello all, The analysis suggests that XAUUSD could face a bearish trend in the near future. The immediate target for the bears is to push the price down to 2309, which was the low reached yesterday. There is an ascending support line nearby that...
Silver Price Movement The discussion currently revolves around the analysis of the Silver price behavior. Silver quotes have reached the descending channel's lower trend line on the daily time-frame. If they break through and continue declining...
The Commodity Channel Index (CCI) is a versatile technical analysis tool used in forex trading to identify cyclical trends in currency prices. Developed by Donald Lambert in 1980, the CCI measures the deviation of an asset's price from its...
Crude Oil Price Trends Let's analyze the crude oil price behavior at present. After failing to breach the mirror resistance level at 80.78, oil started losing ground. Sellers have driven the price back to the moving averages, trading near the...