Market Analysis for AUDUSD currency pair. On Monday (August 19), the Australian dollar continued to rise strongly against the US dollar, closing up 0.95% at $0.6729, reaching a high of $0.6732, the highest since July 18. Strong US sales and cooling...
EUR/USD gains half of a percent as markets force the Greenback lower. Impending major central banking summit has investors looking out for Fedspeak. EU and US PMIs due later in the week. EUR/USD rallied into a half-percent gain on Monday as...
Crude Oil Price Action We are delving into the analysis of the Crude Oil price action assessment. The dynamics of the oil market have shifted, making it more favorable to sell than buy crude oil, commonly called "black gold." Currently, the...
Current Trends in GBP/USD: An Analytical Perspective Hello, The recent rise in the value of the British pound relative to the U.S. dollar is somewhat perplexing. Observing the trading activities from the past week, several factors suggested the...
The Shark harmonic pattern is a relatively new and advanced trading pattern used in forex trading. It typically forms during market reversals and is characterized by specific Fibonacci retracements and extensions. The pattern begins at point O,...