Support and Resistance Support and Resistance are key concepts in technical analysis used by traders to identify price levels where a stock, commodity, or asset might experience buying or selling pressure. These levels help traders make decisions...
USD/CHF Technical Analysis: Overview and Outlook Current Market Situation: The USD/CHF market declined today after reaching an intraday high of 0.8975. It is currently trading around 0.8923, showing signs of weakness. On the daily chart, the USD/CHF...
The Australian dollar continued its downward slide in early trading on Tuesday, weighed down by a combination of domestic economic weakness and broader concerns about China's economic outlook. Australia's heavy reliance on China as its largest...
EUR/USD Technical Analysis and Outlook The EUR/USD market is currently trading near 1.0500 and testing the key support on the hourly chart. The EUR/USD market price is interacting with the 100 simple moving average near the support level of 1.0495....
General Point about GBPUSD: The GBP/USD market has been under significant pressure in recent sessions, largely due to seller dominance. Despite the relatively positive economic data from the UK, including the Flash Services PMI rate, Claimant Count...
