The euro lingered just above the 1.0845 level, entering a consolidation phase against the U.S. dollar. This sharp decline on Friday wiped out the progress made since the European Central Bank meeting earlier in the week. The euro's ongoing struggle...
The price of gold (XAU/USD) experienced a rebound from multi-day lows on Wednesday, although it remained below the $2,500 level. The renewed buying bias in the US dollar (USD) posed a challenge to gold's upward momentum. However, ongoing...
The EUR/USD currency pair experienced a rise on Monday, trading within the 1.1060 range. This upward movement was primarily driven by the expectation of a significant rate cut by the Federal Reserve, which strengthened the euro against the dollar....
What is a Hammer Candlestick? A hammer candlestick is a candlestick formation that is used by technical analysts as an indicator of a potential impending (upside) reversal in the trading of a financial security. The hammer pattern is seen as one...
EUR/CHF Analysis To start the discussion at the beginning of this month, I will open an analysis from the daily timeframe where after seeing the price movement of the EURCHF currency pair in the last two weeks, it can be seen directly through the...