The US CB Consumer Confidence and Richmond Manufacturing Index report scheduled for release later today, will play a vital role in shaping XAU/USD movements. If these reports indicate economic strength and improved consumer sentiment, the USD may...
Technical analysis of USDCHF Today I chose USD/CHF for technical analysis. The market price is falling and the trendline that helped it fall has been broken. While earlier the market price was very much respecting this trend line, now the market...
GBPJPY Analysis The daily chart of the GBP/JPY pair shows a symmetrical triangle pattern. The fact that prices are moving up and down indicates that the milk supply is stable. The breakout direction determines the next trend. The price is currently...
The EURUSD pair has been quite challenging for me to analyze recently. I did not rule out the possibility of a downward move, and indeed, we saw the pair drop below 1.04, which invalidated all the nearest targets I had in mind. I personally thought...
The UK annual inflation data report (CPI y/y) which jumped more than expected, does not seem to make the outlook for the Pound Sterling currency strengthen against the Japanese Yen currency. If you look closely, the price actually decreased rather...
