Currency markets continue to consolidate after recent volatility, but no one wants to unload their long dollar positions. Likewise, the threat of an escalation in Ukraine and tomorrow's soft European PMI numbers keep the Euro (EUR/USD) subdued. We...
Important Points of GBPJPY: Today, the GBPJPY market has dropped below the 196.00 level, signaling a shift in market sentiment as sellers gain strength. This downward movement suggests a bearish trend for the pair, which may continue throughout the...
The AUD/USD currency pair experienced a brief recovery on Thursday, bouncing from recent lows. This rebound was primarily driven by a weaker US Dollar and supportive comments from Reserve Bank of Australia (RBA) officials. The US Dollar weakened...
Analysis of Trades and Trading Recommendations for the Euro A test of the 1.0541 price level occurred when the MACD indicator had just begun to move downward from the zero mark, confirming a valid entry point for selling the euro within the downward...
Trading using red candlestick patterns involves identifying bearish signals that could indicate a price drop or continuation of a downtrend. A red candlestick typically represents a closing price lower than the opening price, showing selling...
