The currency pair is trading flat on the D1 chart, positioned at 1.04594. The InstaForex indicator, which I referenced from the forum, shows an equilibrium between buyers and sellers in the first part, with buyers holding a slight edge at 50.45%. In...
GBP/USD Technical Analysis H-4 Chart The relative strength index (RSI) indicator on the 4-hour chart rose towards 60 after falling to the 50 area on Wednesday, suggesting that technical buyers remain interested. On the upside, 1.2650 (78.6%...
I observe that the US dollar struggled to hold its ground against the yen, which has once again influenced the direction of all yen pairs, including USD/JPY. I note that the pair finished trading close to its previous low, which was a level many...
Deputy Governor of the People’s Bank of China (PBOC), reaffirmed the central bank’s commitment to maintaining the Yuan at a stable and balanced level. He highlighted plans to strengthen counter-cyclical policy adjustments and mitigate excessive...
During Thursday's North American trading session, the US dollar experienced a notable decline, propelling the EUR/USD pair to approximately 1.0450. This downward pressure on the dollar was reflected in the US Dollar Index (DXY), which measures the...
