Market Fundamentals: European Central Bank (ECB) President Christine Lagarde emphasized on Monday the need for Europe to consolidate resources in critical areas such as defense and climate amid stagnant productivity growth and an increasingly...
USD/ CHF Price Watch The USDCHF pair formed a double top on the daily chart. The current price is 0.89210. The maximum support level is 0.8800. This area has been opened several times. Some sellers are working here. They are trying to raise the...
Market Fundamentals: Stronger-than-expected Tokyo Consumer Price Index (CPI) data, coupled with hawkish remarks from Bank of Japan (BoJ) Governor Kazuo Ueda last week, has fueled speculation of another interest rate hike. However, BoJ board member...
I observe that the gold price on the H1 chart is exhibiting a strong uptrend, characterized by the formation of higher highs and higher lows, which indicates persistent bullish momentum. I notice that the price is currently trading near the upper...
CHFJPY Technical Forecast The CHF/JPY pair has been in a downtrend for the past few sessions, trading below the middle Bollinger Band near 169.66. This is the 38.2% Fibonacci retracement level of the December-February 2024 downtrend, which is now...
