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...
GBPCHF H1 Today, I was slapped by the fact that EURAUD was moving bearish instead of bullish. Again, the technical analysis that I relied on yesterday gave an unfavorable signal. It seems that the market is still dominated by sellers who are pushing...
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 US dollar is on a roll against the Japanese yen, nearing the level that triggered intervention by Japanese authorities just a couple months ago. This climb comes despite weak US housing data, as a preliminary economic indicator pointed to...
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...