On Thursday, the EUR/USD pair sustained its decline and settled below the moving average line. The euro fell for the second consecutive day without any compelling reasons or grounds. Recall that the situation was exactly the opposite in recent...
GBP/USD Pullback Signals Cautious Market Sentiment Overview of the Situation On Monday, the GBP/USD currency pair ended its seven-day winning streak, reflecting a cautious market mood. This pullback occurred after the pair approached the 1.3000 mark...
GBP/USD ANALYSIS Daily Timeframe Today, if you look at the older D1 period and apply the target Fibonacci grid to the first wave, you can see that the 161.8 level has been worked out. The price also went beyond the maximum of last year 2023, this...
Technical Analysis Technical analysis in forex involves analyzing historical price data and market statistics to predict future price movements. This method is commonly used by traders to identify potential trading opportunities and make informed...
Toward the end of recent trading sessions, gold's price managed to bounce off a critical support level at $2,500. This level is significant for several reasons. Firstly, it marks the minimum price observed on the past Monday, a point that traders...