Good afternoon. On Friday, Pound sellers did not allow buyers to start forming an upward movement, and by the end of the session they updated the local minimum at 1.26290 and were able to consolidate below it. Now, the level of 1.25087 is their...
•••Crude Oil Market Analysis: November 17, 2024••• ••Introduction Crude oil prices are at a pivotal juncture today, trading near $66.93. The market reflects mixed sentiment as global economic conditions, geopolitical developments, and supply...
PAIR REVIEW EURGBP EUR/GBP currency pair - let’s consider the D1 period chart today. The wave structure is building its order downwards. The MACD indicator is in the lower sales zone and below its signal line. From the very beginning of this...
USD/CAD Technical Analysis: Right now, USD/CAD seems to be trading within a range, hovering near 1.3600. The first resistance I’m watching is around 1.3630, and if the pair manages to break above that, it could head toward 1.3700, which is a key...
The GBP/JPY currency pair, currently trading around 194.799, has been exhibiting a bearish trend in recent sessions. This slow-moving decline reflects the interplay of economic and policy factors affecting both the British pound (GBP) and the...
