The pair is currently under pressure from a strengthening of the dollar as investors brace for upcoming US GDP and Personal Consumption Expenditures (PCE) inflation data. Recent US Purchasing Managers' Index (PMI) data revealed that private-sector...
AUD/USD PRICE FORCAST OST HIGHER HIGHS AS UPTREND EXTENDS, AUD/USD continues rising to new highs. The RSI has stoped its bearish divergence with price. AUD/USD post higher as highs as its extends its rally and continues uptrend began at the strat...
The spot prices extended their gains into the late US session on Thursday, approaching a multi-day high around the $2,530 mark. However, the recent uptick has been overshadowed by a strengthening US Dollar, which has been a significant factor...
Drawing an equidistant channel in Forex trading involves creating two parallel lines that capture price movement within a trend. A channel consists of a support line (lower boundary) and a resistance line (upper boundary) that are equidistant from...
Gold prices remain strong, rising even with positive US economic news. Normally, good economic data like the revised Q2 GDP growth and fewer unemployment claims would boost the US Dollar and increase Treasury yields, which usually puts pressure on...