Hello all traders, there is no specific news concerning the EUR. However, US news events will have a significant impact later. Understanding this optimistic backdrop requires acknowledging the cyclical nature of market dynamics. While buyers...
I fully admit that yesterday’s accumulation will result in a sharp northern exit. As I have said many times, I plan to monitor the resistance level at 79.96 or the resistance level at 80.62. Near these resistance levels, two scenarios can unfold....
Hello most respected traders, the USD Index closed with a bullish trend, rising from 104.81 to 104.93. It is currently testing the 105.18 level. Yesterday, it attempted but failed to break the 105.30 resistance level. This indicates that while the...
The AUD/CAD currency pair, currently trading around 0.9097, is exhibiting a bearish trend. Despite the slow market movement, several factors suggest the potential for significant shifts in the near future. Understanding the underlying economic,...
USDCHF H4 alternative option for price action when the support level is reached at 0.90112 would be a plan in which the price stabilizes below this level and moves further south. If this plan develops, I would wait for the price to break through the...