Tag: Technical analysis
Is Gold Ready to Break Key Resistance Levels? – Action Forex
Gold is currently on the rise after finding support around the 2,450 zone recently. Despite this upward movement, gold is still trading within a...
AUD/USD Consolidates Near 0.6750 Amid US Inflation Anticipation
The AUD/USD pair is currently trading near 0.6750 as investors await the release of the US Consumer Price Index (CPI) data for June. This...
AUDUSD Traders Testing Close Support, More Work Needed for Breakout
AUDUSD traders are currently testing close support levels between 0.67278 and 0.6738. Despite some fluctuations, the price has managed to stay above the lower...
GBPUSD Surges Towards 2024 Highs – Latest Forex Analysis
GBPUSD has been showing signs of strength as it bounces back from its 50-day SMA, reaching its highest level since June 12. Momentum indicators...
Crude Oil Technical Analysis: Impact of Weak US NFP Report on Sentiment | Forexlive
Crude oil has been performing well in the market since hitting a low point in early June. Factors like OPEC's extension of output cuts,...
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...
AUDUSD Price Action: Target Level Hit, Sellers Step In – Forex Analysis
The AUDUSD has been fluctuating throughout the day following an upward trend from last week. Today's upward movement reached a new high dating back...
Gold Price Analysis: NFP Report Boosts Bullish Sentiment | Forexlive
Last Friday, the price of gold went up after the US NFP report was released. The report showed that the labor market was slowing...
EUR/USD Recovery Continues: Bullish Momentum Intact
The EUR/USD pair continues its recovery, showing bullish momentum as it surpasses the 1.0800 resistance level. A bullish trend line is forming with support...
Weekly EUR/USD Forecast: Latest Analysis and Predictions for Traders
EUR/USD saw a strong rebound last week, indicating that the pullback from 1.0915 may have ended at 1.0665. The initial bias for the upcoming...