USD/CHF Technical Analysis: Right now, the USD/CHF pair is trading around 0.8570, and I’m seeing a bearish trend with the price staying below the 50-day moving average (0.8600). Immediate resistance lies at 0.8600 and 0.8650, while support is close...
The GBP/JPY currency pair exhibited a degree of resilience on Sunday, trading above 194.46 despite a lack of significant market-moving events. This followed a period of consolidation after a notable decline in mid-November, when the pair reached its...
The gold market currently exhibits a degree of stability, trading near $2,611 per ounce. This relative calm stems from a cautious market sentiment regarding the trajectory of US interest rates. Despite the Federal Reserve's anticipated rate cuts for...
EUR/JPY Daily Chart Analysis Current Price Movement The current EUR/JPY chart indicates that the price has recently touched the level of 161.813. The price movement is currently within the Ichimoku Cloud, which is considered a critical zone for the...
Shooting Star Candle in Forex Trading A Shooting Star is a bearish candlestick pattern that signals a potential reversal in an uptrend. It is a visual representation of rejection of higher prices and is often used by traders to identify selling...
