The provided chart shows the hourly price movement of GOLD (XAU/USD) with a strong uptrend from mid-December to early February. The red moving average (likely a 50-period or 100-period MA) indicates dynamic support, which the price has respected...
Technical analysis of USDCAD Today we will be doing a technical analysis of USD/CAD. What is the quality of market support and resistance levels? The broader market has also broken support, which is now set as resistance, which will be the next...
Technical analysis of EURJPY Today I picked EUR/JPY for technical analysis and the market price fell one level and is now closer to the trend line, which is helping to push the price higher. After breaking the market price support at 158.69, the...
GBP/CHF Trading Analysis Update Wednesday, February 5, 2025 The GBPCHF pair price rally for more than two weeks has changed the trend direction to bullish. The EMA 50 has successfully crossed the SMA 200 perfectly, giving rise to a golden cross...
USDCHF Daily Time Chart Analysis The USDCHF currency pair attempted to reach its last monthly low of 0.9000 during today’s trading session but failed. The resistance level of 0.9155 is also difficult to break. The pair is currently struggling with...
