The gold spot price recently traded around $2,630 per ounce, recovering from the 50-day Simple Moving Average. This increase came after a significant price drop, as traders responded to a market downturn caused by global growth concerns. On Monday,...
USD-CHF PAIR REVIEW let's take a look at the H4 timeframe on the chart. We can see that the price is in the consolidation area after experiencing a fairly long sharp decline in August. The two supply and demand areas are quite clearly visible here,...
USD/CAD ANALYSIS D1 period chart The wave structure is building its order downwards, the MACD indicator is decreasing in the lower sales zone. The price was able to consolidate below the horizontal range that had been forming for many days in a row....
Technical Analysis of EUR/USD The euro tried to extend its gains last week but failed to break through key resistance and remained rangebound. The price initially reached around 1.1198 but retreated slightly and then began to retreat to its starting...
The euro is currently trying to rebound from yesterday's losses, trading near 1.1160 during Tuesday's Asian session. Yet, recent Eurozone economic data suggests that any potential gains may be short-lived. The expectation of a European Central Bank...