On Monday, January 23, the British pound strengthened against the US dollar, starting with a recovery from its intraday low of 1.2605 to approximately 1.2705. By the end of the day, the GBP/USD pair closed at 1.2690 after recording a high of 1.2870....
The euro has maintained a relatively stable position against the US dollar, hovering around the 1.0600 level during Tuesday's Asian trading session. While a weaker US dollar has provided some support for the euro, potential downside risks remain as...
•••AUD/USD Analysis: November 19, 2024••• The AUD/USD currency pair continues to face headwinds, trading at 0.6466, near its monthly low. Today’s market dynamics reflect broader macroeconomic pressures, technical patterns, and volume behavior,...
Trendline is a kep concept in technical analysis, similar to support and resistance. Basically it is a line (which can have some witdth) where price rebounds several times it means market participants also consider this line as important which...
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