GBP/USD currently shows signs of a short-term bearish trend, as confirmed by multiple technical indicators. Price has fallen below the 9-period SMA and is moving toward the lower Bollinger Band, indicating increasing downward momentum. The MACD has...
The EUR/JPY currency pair is currently trading in a sideways or consolidating mode, hovering around the 162.00 level. During Tuesday’s session, a slight decline was observed, indicating some short-term selling pressure. However, at present, there is...
Technical Examination of GBPJPY For today's technical examination, I am focusing on GBP/JPY; the current market price is situated between the resistance at 190. 11 and the support at 186. 84. The market price has dipped below the resistance level,...
Forecast of Crude Oil On the smaller time frame charts, the Crude Oil trade action is within the range zone, particularly on the H1 time frame chart. However, the Crude Oil final candle is a robust bearish engulfing candle. I saw that it crossed the...
The recent broad-based selling pressure on the US Dollar (USD) emerged following a significant decision by China, which has added further uncertainty to the ongoing trade tensions between the two economic giants. Specifically, China responded to the...
