This is the second consecutive day that the EUR/JPY pair is attempting to gain positive momentum, but the potential for growth remains limited.The fundamental backdrop calls for caution before confirming that the pair has formed a short-term bottom...
The price test at 143.56 occurred when the MACD indicator started moving down from the zero mark, confirming the correct entry point for selling the dollar as part of the downward trend observed in recent months. As a result, the pair dropped more...
An interesting technical development is underway in GBP/AUD with a breakout of a notable resistance point, which if successful, opens the door to higher levels for Aussie Dollar buyers in the coming days and weeks. Last Monday's Week Ahead Forecast...
GBP/USD My expectations of a northern correction yesterday did not come true, as GBP/USD quotes continued their downward movement, consolidating below the 1.3122 level. Today, during the Asian session, the movement continued in the southern...
The pair has extended its pullback from Thursday’s retreat, particularly from the 50-SMA (Simple Moving Average), reinforcing a three-week downtrend that extended into Friday’s session. Observing the daily timeframe, it becomes evident that the...