Tag: resistance level
USD/JPY Price Analysis: Recovery and Consolidation at 154.00
The USD/JPY pair managed to recover from its daily low of 151.94 and ended Thursday's session unchanged at 153.93. This recovery was supported by...
AUDUSD Price Analysis: Breaks Below Key Support at 0.6690 – Action Forex
AUDUSD has been on a downward trend since July 15, with the bears breaking through the key support level of 0.6690. The pair is...
GBPAUD Maintains Strong Support Level – Forex Analysis
GBPAUD has been showing a strong support level above 1.8900, preventing significant downward movements. Despite trading below a downward sloping trendline, the pair has...
EUR/JPY Price Analysis: Holding Steady at 174.50 Amid Overbought Condition
EUR/JPY is currently trading around 174.30, putting a stop to its three-day decline. The daily chart analysis reveals a rising wedge pattern, which suggests...
EURUSD Price Action Analysis: 4-Hour Chart MA Break and Swing Area Test
The EURUSD has experienced a downward rotation due to rising yields, despite weaker ISM data and a ruling in favor of Donald Trump by...
USD/CAD Price Analysis: Consolidation near 1.3700 Level
The USD/CAD pair is currently trading in a narrow range but is holding steady above the key support level of 1.3700 during the European...
NZDUSD Technical Analysis: Price Approaching Key Support Level
The USD lost ground last week due to a soft US CPI report, leading to market expectations of two rate cuts by the end...
Breaking Financial News
X’s New Terms of Service Causing Users to Leave Elon Musk’s...
Elon Musk's platform, X, has recently implemented new terms of service that have caused some users to leave the microblogging platform. These new terms...
