USDJPY fell to an 8½-month low (140.70) on Wednesday after breaking through key support at 141.68 (peak to low on August 5). The subsequent bounce came from oversold conditions on the daily chart with partial profit taking to lift the price and...
Silver has been moving in a corrective phase, experiencing a small rise recently, but the overall trend is still uncertain. The price reached the 28.31 resistance level and is trading around 28.25. Signals like the Relative Strength Index (RSI) and...
The Science Behind AUD/USD Price Action The discussion pertains to the analysis of the price behaviour of the AUD/USD currency pair. There are several ways to evaluate this downward movement. Some might view it as a typical pullback, but on...
NZD/ USD Price Action The analysis of the NZD/ USD currency pair's price behaviour is a topic of discussion. Before the release of US CPI data, which may influence the Federal Reserve's interest rate decision, the NZD/USD currency pair showed...
Date: 11th September 2024. Market Update – Safe Havens in Demand; Eyes on CPI. Financial Markets Performance: *The Yen surged to its strongest level against the US Dollar since December, recovering its yearly losses. It is currently at 141.40 after...