Daily Pivots: (S1) 1.0645; (P) 1.0742; (R1) 1.0829; More… GBP/USD is staying in consolidation above 1.0351 temporary low and intraday bias remains neutral. While stronger recovery cannot be ruled out, upside should be limited by 4 hour 55 EMA (now at 1.1051). On the downside, break of 1.0351 will resume larger down trend towards parity […]
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EUR/USD is trading around 1.1608 on Tuesday. The US dollar attempted to recover from a sharp intraday decline the previous day, which had been driven by expectations of a faster resolution to the conflict involving Read more…
As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions. Bullish view: the key support is the lower boundary of the long-term channel that has Read more…
Analysing the EUR/USD chart five days ago, we: → constructed a downward channel, noting signs that the bears remained in control; → outlined a scenario in which the rate would decline to a new yearly Read more…