Technical Analysis

The currency market is continuously fluctuating, and the British Pound (GBP) is currently facing a tough battle against the US Dollar (USD). Recent movements indicate that GBP/USD is making a tentative effort to recover, surging above critical resistance at the psychological level of 1.2500. However, this recovery is juxtaposed against prior weaknesses where it struggled
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In the ever-evolving landscape of foreign exchange markets, the pairings of EUR/USD (Euro to US Dollar) and USD/JPY (US Dollar to Japanese Yen) have showcased notable volatility recently. These fluctuations are closely tied to various global economic indicators, market sentiment, and technical analysis. Analyzing these pairs provides insight into the underlying forces driving currency values.
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Recent movements in the foreign exchange market reveal significant developments, particularly for the USD/JPY pair, which has shown impressive resilience. Following a strong base established above the 152.00 level against the Japanese Yen, the US Dollar has gained momentum. The pair recently broke through critical resistance levels, specifically at 154.50 and 155.00. Such a rally
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In the ever-evolving landscape of stock trading, theSPX index has captured the attention of traders who are committed to understanding its intricate patterns. Recent observations suggest an overall bullish sentiment for the SPX, particularly following the low established in August at 5118.95. This article aims to dissect the Elliott Wave analysis of the SPX, offering
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As the year draws to a close, the EUR/USD currency pair has found itself trapped within a narrow trading range, hovering slightly above the critical 1.0400 level. The trajectory of currency trading is influenced by various factors, notably the decisions and sentiments of the European Central Bank (ECB) and recent economic data from the United
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In 2024, the US dollar has demonstrated a complex pattern of trading dynamics, marked by periods of both stability and fluctuations. Despite these mixed signals, there has been a notable strengthening of the dollar, particularly evident over the last quarter. Analysts from prominent financial outlets, including the Wall Street Journal and Reuters, have identified several
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The Japanese yen is facing increasing pressure, recently hovering around a five-month low against the United States dollar. This situation is emerging in the context of contrasting monetary policy strategies from the two economic giants. While the U.S. Federal Reserve adopts a hawkish mode—indicating a slow and measured approach to reducing monetary stimulus—Japan’s monetary authority
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