Technical Analysis

The EUR/USD pair has shown signs of recovery above the 1.0650 resistance level, indicating a positive trend in the market. The break of a major bearish trend line at 1.0720 on the 4-hour chart suggests a shift in momentum towards a bullish trajectory. However, the pair is currently facing resistance at the 76.4% Fib retracement
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Gold has been experiencing a downward trend in the short-term, hovering near oversold territory. Tuesday saw gold bears taking control, pushing the price below the resistance-turned-support trendline. This decline brought the price closer to the 200-period exponential moving average (EMA) in the four-hour chart, currently standing at 2,280. Technical indicators such as the Relative Strength
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Since the beginning of the trading day on Tuesday, the price of silver has experienced a significant decline of 2.6% to reach $26.4 per ounce. This drop comes after a failed attempt to break above the $30 per ounce mark on 7th April. Following this unsuccessful rally, silver seems to have entered a phase of
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The Eurozone preliminary core CPI rate for April has shown a gradual decline, reaching 2.7% year-over-year, which marks the slowest pace of inflationary pressure since February 2022. This downward trend in inflation is accompanied by a widening spread between the 2-year and 10-year Eurozone sovereign bonds and US Treasuries. The widening of these yield spreads
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The EUR/USD pair has been on a rollercoaster ride, starting a recovery wave from the 1.0600 zone. Despite testing the 1.0598 low, the bulls managed to make an appearance and push the pair above the 1.0650 and 1.0680 resistance levels. However, the bears are showing some activity near the 1.0740 level, causing the pair to
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