GBPUSD If the market closes above the 1.7400 level, it would be a significant indicator that prices are likely to continue their upward trajectory, moving towards the 1.2800 mark. The 1.2800 level is identified as the third level of resistance, and...
Crude Oil Analysis: Hello everyone! This week, the Oil trading instrument has demonstrated significant volatility by easily surpassing the previous week's maximum level of 80.60. This upward movement is particularly notable because, during the prior...
The Euro (EUR) took a hit against the US Dollar (USD) last Friday, closing at 1.0820 on the New York Stock Exchange. This decline came after positive US employment data for May surprised analysts. The report revealed a stronger-than-expected labor...
Good morning, everyone. Today, I will discuss the peculiar USD/CHF pair. Currently, the USD/CHF pair is trading below the 50 and 20 exponential moving averages, both positioned at 0.9053. Before the market closed, bearish momentum increased,...
Gold experienced a substantial decline, indicating that the resistance line held firm once again, allowing sellers to gain the upper hand. This sharp drop suggests that bearish momentum is currently dominating the market, likely driven by several...