The price of gold (XAU/USD) traded in negative territory around $2,650 for the fourth consecutive day in early Asian trading on Monday. The US dollar rose further after upbeat US non-farm payrolls data on Friday, putting some selling pressure on...
GBP/USD Forecast: On Friday, the GBP/USD market experienced a trading range between 1.30638 and 1.30893, marking this zone as a critical battleground for buyers and sellers alike. This range has been significant, as it showcases the ongoing struggle...
The 1.10 level is providing strong support on short-term EUR/USD charts, acting as a crucial psychological zone for the market. Historically, EUR/USD tends to move between major round numbers, so if the euro continues to weaken, the next logical...
In the 4-hour time frame, the current market price action shows a strong uptrend, with both the price and the moving average moving upwards. A significant indicator of this bullish momentum is the price being above the 200-day simple moving average...
The British pound sterling (GBP) has staged a partial recovery against the US dollar (USD), with the daily chart showing a bullish hammer formation and a rise above the 1.3050 level, representing a gain of over 0.15%. This positive movement has been...