Hello all, Gold prices rebounded by more than 1.2% to close at $2,355.49 per ounce on Wednesday, June 5, fully recovering the losses from the previous trading day. Weaker-than-expected U.S. private employment data, released on Wednesday, reinforced...
Technical Analysis of GBP/USD Last week, the pound sterling again reached local highs but failed to break through and rebound from 1.2788. Several attempts to break through this resistance level were unsuccessful, causing the price to fall upward to...
USD-CHF PAIR FORECAST Observing the price movement of the USDCHF pair, it currently appears to be trying to pass the pivot point (PP) 0.8960 after failing to continue its decline lower towards support (S1) 0.8881. Only the price that is corrected...
The price test of 157.05 occurred at a time when the MACD indicator had moved significantly above the zero mark, which limited the USD/JPY pair's potential to rise. For this reason, I did not buy the dollar. Yesterday's GDP figures from Japan...
The Japanese yen has been on a downward spiral for the past three days. This decline coincides with a strengthening US dollar, likely due to investor caution ahead of the Federal Reserve's interest rate decision and key US inflation data coming out...