The foreign exchange market is witnessing a dynamic interplay between safe-haven currencies and risk-on sentiments. With mounting speculation over the timing of the next rate hike by the Bank of Japan (BoJ), the traditionally secure Japanese Yen...
The USD/CHF H4 chart shows a clear uptrend that peaked around the 0.9160 level before retracing towards the current price of 0.8974. The price action demonstrates a strong bullish move that started in mid-September, with higher highs and higher lows...
West Texas Intermediate (WTI) crude oil futures are currently exhibiting a potential double bottom pattern around the $70.15 per barrel mark, hinting at a possible reversal of the sharp January decline. This pattern suggests that the market may have...
Currency pair GBPUSD H-4 chart. The wave structure is currently built in an ascending order, the MACD indicator is in the upper purchase zone. The price is also at the horizontal support level of 1.2625. Last week, the price did not move much;...
I observed that the pair was trading within a range, and when it approached the minimums at 0.55442, I noticed that the buyer was gaining volume. I assumed that the pair would likely go up, anticipating a trend reversal. I based this assumption on...
