On Monday, the EUR/USD pair rallied towards the 1.0335 – 1.0346 resistance zone, rejected it, and reversed in favor of the U.S. dollar, dropping to the 23.6% Fibonacci retracement level at 1.0288. A rebound from this level would support the euro's...
GBP/USD: GBP/USD remains neutral and outlook is unchanged. While corrective rebound from 1.2099 might still extend, upside should be limited by 38.2% retracement of 1.3433 to 1.2099 at 1.2609. On the downside, break of 1.2248 support will bring...
The USD/JPY H4 chart illustrates a clear downtrend, as indicated by the declining price action and the price consistently trading below the red moving average, which appears to be the 50-period SMA. This moving average has acted as dynamic...
Is it possible to use this pattern without tick volume? Combining patterns with the latter looks difficult for...
Date: 11th February 2025. Market Update: Tariffs, Inflation, and Investor Sentiment Shape Global Markets. Currency and Commodity Markets React The currency market also reflected shifting investor sentiment. The Japanese Yen remained largely...
