USD/JPY continues to extend its downtrend, trading around 149.455, and remains restricted within a parallel price channel.
The U.S. dollar remains weak in the market, making it difficult for USD/JPY to find any recovery momentum. From a technical perspective, the pair has yet to show signs of a strong reversal, as the EMA 34 continues to trend downward with no...
GBP/USD is declining in the short term, moving within a parallel descending channel. If the pair fails to break above both the channel and the 1.2680 resistance, consider a sell opportunity.
Pay attention to the 1.2610 support area, where GBP/USD may gain momentum or break lower toward the bottom limit of the channel.
Wishing you successful trades! Don’t forget...
FX:EURUSD had to turn back when facing the 1.0500 resistance level. The euro’s weakness was mainly due to the strong recovery of the U.S. dollar, despite weak U.S. PMI data. However, this weakness was mitigated as support zones remain strong and active.
As seen on the chart, FX:EURUSD formed a new high, surpassing the previous peak. If this is not a false...
Hello everyone! It’s great to be back for another discussion on gold prices today.
Currently, gold continues to hold its bullish momentum, trading around $2,950, with a slight pullback that is not a major concern. This uptrend is driven by strong safe-haven demand, as investors remain wary of a global trade war, following President Donald Trump’s new tariff...
