The AUD/USD pair encountered downward pressure around the 0.6400 level following the release of the SP Global PMI data for February in the US. Despite market participants perceiving the administration's tariff agenda as less damaging than initially...
On the H4 timeframe for silver, a bearish trend line has been tested three times before breaking below it, indicating increasing selling pressure. Additionally, the price is approaching a critical point where it may break the 50-period moving...
Technical analysis of USDJPY Today I choose USD/JPY for technical analysis, the market price has dropped a level and is now closer to the trendline, which is helping the price to move higher. After touching the market price resistance level at...
Forecast of EURJPY The EURJPY price has been trading in a range zone on the daily time frame chart for a while, but the area of this range zone is quite large. Several times I watched to test the resistance level, the EURJPY passed the moving...
GBP/USD Technical Analysis: GBP/USD is holding around 1.2600, but it’s struggling to break above 1.2650, which has been a tough resistance level. The 200-day SMA near 1.2550 is acting as a solid support, keeping the pair from dropping further. If...
