The AUD/USD pair is currently forming a "Bat" pattern on the charts, which is a reversal pattern that indicates a potential shift in market direction. This pattern is a type of technical formation that usually consists of a double peak with angled...
Gold (XAU/USD)Market Overview Gold (XAU/USD) has recently entered a bearish phase, retreating from the highs near 3167.72 to a current level around 2982.62. The price remains below the 9-period Simple Moving Average (SMA) at 2988.87, indicating that...
The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of six major currencies, is trading near the 103 mark, reflecting a rebound seen last Friday. This recovery came amid a surge in market volatility,...
I believe that if this move was purely profit-taking from earlier purchases, then on Monday, the price should quickly rise to 1.1100 as part of the trend resumption. I personally expect growth to continue due to the ongoing weakening of the dollar,...
The AUD/JPY currency pair has continued its downward trajectory into Monday's early Asian session, with the pair slipping toward the 88.50 zone. Despite a slight daily dip, the broader bearish trend remains intact, with prices trading well below key...
