Indeed, despite my current bearish outlook, I am prepared to consider an alternative scenario if there is a decisive breach and daily candle closure above the 0.6766 level. This potential shift in market dynamics could signal a resurgence of bullish...
Political instability may force EUR to fall back down to parity with USD Lately, the European currency has had a rough time. It frequently faces volatility due to political uncertainty in Europe. Events in the United States, linked to the upcoming...
Date: 9th July 2024. Market News – Stocks Under Pressure Ahead of Powell. Financial Markets Performance: The USDIndex softened to a session nadir of 104.80 on broadbased weakness, and especially as GBP and EUR stabilized. But the buck rebounded...
After a three-day winning streak, the "EURJPY" settled around 174.30 during European trading on Tuesday. While the daily chart suggests a potential for a downward correction, the story isn't entirely bearish. Looking closer, the chart reveals an...
According to technical analysis, understanding and monitoring support and resistance levels is very important. These levels help refine trading strategies and make informed decisions. Monitoring moving averages and cycle lows and highs helps traders...