#OIL-USD Crude oil prices have experienced a sharp and sudden drop since the start of the week. This was a result of the OPEC+ meeting, where new policies were implemented regarding voluntary production cuts for its members. The price decline has...
Technical analysis of gold Daily chart A strong decline in gold during trading on Friday and a negative close for the first week of June This month, the price of gold began trading within a bullish pattern, as the price channels were updated with...
The Japanese yen managed to strengthen at the end of the last trading week, as it failed to stabilize in the new price range. The price has risen slightly since the beginning of the week and managed to make new highs around 157.50. However, the move...
EUR-USD PAIR REVIEW On the daily chart reference, it can be seen that a re-entry buy in continuation of the bullish trend was formed after the decline experienced a bearish rejection condition at the moving limit of Ma 100 (green). The current...
On the H4 chart, the GBP/USD pair closed below both the 50 and 100 Simple Moving Averages (SMA). These moving averages are crucial indicators in technical analysis, often used to identify the direction of the trend and to determine potential support...