Technical analysis of gold 1-hour chart Since the beginning of trading today and until now, the weekly pivot level represents a strong support area for the price that may lead to an upward wave during the day to the resistance level of 2345. The...
EUR/JPY Price Analysis: New Bullish Record The continued decline in the yen has prompted bulls to strongly push the EUR/JPY price up to the resistance level of 173.47, which is a new bullish record of the currency pair. The yen extended its losses...
News for trading Today, we have low and medium-impact news only. The forex market is going to be calm today unless there is breaking news which of course will cause the market to move much. There won’t be enough volatility in the forex market today....
Gold might stall its stellar rally this year The yellow metal is acknowledged to be overvalued. It would not be a sensation if analysts had to downgrade the outlook for gold soon. While gold is still trading at elevated levels, perhaps it makes...
Analysis of the GBPUSD pair in the H-4 time frame. Based on observations from the chart, it can be seen that the condition of the GBPUSD currency pair is still trying to return to a bearish trend, which this week the downward movement has not been...