DOLLAR INDEX ANALYSIS #USDX August 16, 2024 The price movement shown shows a pattern of lower highs and lower lows, indicating that bearish forces are still dominating this market. From the chart, it is clear that the 103.40 level acts as a strong...
GBP/USD In the US session, bulls actively pushed the price upward despite the bearish daily chart. As soon as this happens, I check the Bollinger Bands indicator: where everything seems clear on D1, bulls are slowly taking over on H4. The price has...
AUD/USD H4 Technical Analysis: Bullish Outlook Based on Heiken Ashi and Indicators When examining the AUD/USD currency pair on the H4 (4-hour) chart, a review of the Heiken Ashi candles combined with signals from the TMA (Triangular Moving Average)...
The EUR/USD currency pair is currently trading at 1.1035, positioning itself nearly at the midpoint between the established support and resistance levels. The support level is set at 1.1002, while the resistance level lies at 1.1065. This current...
The yuan is rising amid a weakening dollar On Monday, the yuan showed the most significant growth in two weeks, reaching 7.1363 per dollar, which is 0.4% higher than the previous day. This increase, the largest since the beginning of August, is due...