Technical Analysis

Today’s foreign exchange landscape presents a stark contrast to yesterday’s dynamic as traders recalibrate their strategies. With the Non-Farm Payroll (NFP) release looming, there’s a palpable shift in sentiment. Traders are reluctant to take on excessive risks, opting instead to lock in profits acquired from sharp market movements. In this climate, traditional safe-haven currencies such
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The EUR/USD currency pair has recently witnessed a notable spike, reaching heights near 1.1418, catalyzed largely by a cascade of negative economic signals emanating from the United States. Investors are growing increasingly skeptical of the US dollar’s stability, primarily in light of disappointing macroeconomic data revealing a concerning dip in manufacturing activity. The data has
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In recent trading sessions, gold has experienced a robust surge, climbing above the $3,300 resistance level, which many analysts view as a pivotal moment in its trend. After struggling within a tighter range around the $3,250 mark, gold found foundational support, culminating in a fresh ascent that broke through significant barriers. This movement not only
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The US dollar has recently demonstrated its resilience by rebounding from the 98.7 mark. This trajectory signifies a crucial moment for the currency, as it has consistently hovered around this level for weeks, indicating a temporary stabilization against previously plummeting values. With a history of overselling, this recovery can be interpreted as a necessary technical
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The recent trends in the GBP/USD exchange rate reflect a notable downward correction that has raised eyebrows among traders and analysts alike. After attempting to breach the resistance level at 1.3600, the British Pound has instead retraced its steps, falling below 1.3520. Such a retracement underscores inherent vulnerabilities within the currency pair. On the four-hour
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