Gold (XAU/USD) is currently facing a significant resistance level at 2484. A breakout above this level could indicate a resumption of the uptrend that began from the low of 1810 on October 6, 2023. If this happens,...
On Monday, August 12th, the USD/JPY pair briefly surged above the 148 level before experiencing a pullback. Recent data from the Commodity Futures Trading Commission and the London Stock Exchange Group revealed that leveraged funds have reduced...
The GBP/USD pair has recently broken above the falling trend line on the 4-hour chart, indicating that the downward movement from 1.3044 may have completed at 1.2664. This development suggests a potential rally in the coming days....
The EUR/USD pair is currently encountering a significant resistance level at 1.0945. Understanding how this level plays out could be crucial for traders looking to capitalize on potential price movements. Current Market Outlook Support Levels Summary The...
The EUR/USD pair has experienced a pullback from the 1.1008 resistance level, extending as low as 1.0881. However, as long as the price remains above the 1.0870 support, this pullback can be treated as a correction within...
The GBP/USD pair is currently facing a crucial resistance level at the falling trend line on the 4-hour chart. This resistance could determine the pair’s short-term direction and potentially signal a bullish reversal. Key Levels to Watch...
On Wednesday, August 7th, the Australian dollar (AUD) slipped by 0.01% against the US dollar (USD), closing at 0.6517. This drop erased an earlier 0.85% gain, leaving the AUD nearly unchanged from the previous day’s close. Recent...
On Wednesday, August 7th, the Japanese yen experienced a decline, reaching a daily low of 147.88 against the US dollar. This movement followed comments from Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), who emphasized...
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Potential...
On Wednesday, the EUR/USD pair experienced some movements, finding support above 1.0905 and encountering resistance below 1.0940. This suggests that after a short-term rise, the EUR/USD might continue its downward trend. Key Levels to Watch Potential Scenarios...
