Tag: Support and resistance levels

GBPUSD recently lost momentum as it approached the uptrend line, signaling a potential shift in the market. Although the pair broke the long-term ascending trendline, it is currently trading within a narrow range after...

The USDJPY pair is showing some positive signs for sellers based on technical analysis. The price failed to reach a topside trend line on the hourly chart, which is seen as a small negative....

The US Dollar's bullish momentum appears to be slowing down despite the recent higher-than-expected US CPI and PPI reports. The market has adjusted its expectations for aggressive rate cuts and is now in line...

GBP/USD has been trading within a tight 30-pip range recently, showing signs of consolidation in the market. This comes as the focus shifts to upcoming US CPI and PPI data releases on Thursday and...

The USD saw a rise in value last Friday after a strong US NFP report. This caused the market to adjust its expectations for rate cuts, aligning more closely with the Fed's projections. Moving...

EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...

I am being careful with risky investments right now, but I can see reasons to be hopeful. Firstly, the Federal Reserve has shown its support recently, which is a positive sign. Secondly, while there...