The Japanese yen is weakening significantly against the US dollar. This is due to a combination of factors, including expectations of continued high interest rates in the US and ongoing weakness in the Japanese economy. On one hand, the US Federal...
XAU/USD Technical Analysis: For over a month, the XAU/USD pair has been stuck in a narrow trading range between 2322 and 2310. During this time, selling pressure has increased significantly, while buying interest has waned. Current technical signals...
Gold continued to decline during the last week of trading, reaching another local low. Initially, the price attempted to move higher, breaking the upper limit of the range at 2358, but it failed to hold. The price then turned sharply downward,...
GBP/ USD: The Language of Price Movements The analysis of the GBP/ USD Currency pair's price action will be the main topic of our conversation. Yesterday, the daily chart indicated a strong sell signal for the GBP/USD currency pair, showing a...
I highlighted the 1.0710 level in my morning forecast and planned to make entry decisions based on it. Let's look at the 5-minute chart and see what happened there. The rise and formation of a false breakout at that level gave a signal to sell the...