Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
The Euro is facing a perfect storm of bearish pressure, weakening against the US Dollar and falling below a key support level. This decline comes amid heightened political uncertainty in Europe, particularly in France, where upcoming legislative...
Daily time frame chart outlook: The AUDUSD price activities were generally in a bullish trend earlier, but they tested the overbought level, which is why the price fell in response to the adjustment. The price has been moving in a descending channel...
The British Pound (GBP) weakened against the US Dollar (USD) last Friday, with the GBP/USD pair dropping to around 1.2660. This decline coincided with a rise in the US Dollar Index (DXY), which measures the strength of the USD against a basket of...
USD/JPY D1 ANALYSIS. Prices for the USD/JPY currency pair change. A sustained decline could be sparked by a false breakout at 157.71. Assuming the cost drops from the 157.71 territory, the center movements to arriving at the 155.31 territory. A...