Technical Analysis

The USD/JPY currency pair has recently demonstrated a degree of stability by maintaining its position above the 154.25 support level for several consecutive trading days. This resilience, however, is somewhat deceptive given the underlying bearish technical signals that are prevalent in the market. As traders monitor these developments, the dynamics suggest that the potential for
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As of Thursday, the EUR/USD pair is experiencing relative stability at around 1.0426, as market participants assess the implications of the Federal Reserve’s latest policy announcements. The attention is now pivoting towards the upcoming European Central Bank (ECB) meeting, which may introduce new dynamics in the currency markets. The market’s anticipation underscores the interconnectedness of
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In an atmosphere characterized by uncertainty and fluctuating economic signals, the dollar index exhibited resilience on Tuesday, making a modest recovery from the chaotic trading conditions experienced the previous day. The turbulence that shook the market was largely triggered by drastic tariff discussions initiated by former President Trump, which ignited fears over potential trade wars.
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The foreign exchange market has recently exhibited notable activity in the Australian (AUD) and New Zealand (NZD) dollar pairs against the US dollar (USD). Both AUD/USD and NZD/USD have shown significant upward momentum, suggesting a period of strengthening for these currencies. This article takes an analytical look at the recent performance of these currency pairs,
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As global traders observe the movements in the gold market, specifically XAUUSD, it becomes clear that understanding technical analysis, such as the Elliott Wave principles, is essential for making informed trading decisions. In this article, we will delve into the recent trends seen in gold prices, the current market wave structure, and potential future trajectories,
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The US dollar has experienced a notable decline recently, struggling against other major currencies. It dropped nearly 2% this week, hitting a low of 107.1 before slightly rebounding. This drop can be attributed to a shift in market sentiment regarding the Federal Reserve’s upcoming monetary policy decisions. Earlier in January, the market had assigned only
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In recent trading sessions, gold has exhibited a remarkable recovery, particularly on a Friday when prices surged around 1% before the American market opened. This resurgence has come despite troubling technical signals, notably indicated by a Hanging Man candlestick pattern observed on Thursday. The current trading environment suggests that, contrary to initial market hesitations, bullish
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In the wake of Donald Trump’s inauguration, the U.S. dollar experienced a noteworthy readjustment. Following a monthly period of gains, the dollar’s value dipped, revealing its susceptibility to political events. Yet, despite this initial downturn, significant evidence points away from a full-blown correction. Instead, many currency pairs appear to stabilize within earlier ranges, suggesting traders
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