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USD/CHF Update: Bears Eyeing Key Resistance Levels Solid ECN—The USD/CHF pair trades within a bearish flag pattern and is aligned with the 50-period simple moving average, highlighting a pronounced downtrend. Despite the Awesome Oscillator bars turning green, they remain below the signal line...

USD/JPY Analysis: Bears Face Key Resistance Solid ECN—The USD/JPY currency pair tested the 157.6 resistance level as shown in the daily chart. The technical indicators are bearish, but if the bulls (buyers) can hold the price above the key resistance level at 157.6, the uptrend will likely...

AUD/USD Analysis: AO Signals Twin Peaks Solid ECN—The AUD/USD pair is in an uptrend, trading above the $0.6761 immediate resistance and the ascending trendline. The immediate resistance is at 0.6767, Friday's peak. Interestingly, the awesome oscillator signals twin peaks, which is a bullish...

Gold Technical Analysis - 12-July-2024 Solid ECN—XAU/USD dips from $2,424 as expected since the RSI 14 and the Stochastic oscillator were in oversold territory. With the bullish primary trend, the consolidation phase can provide new opportunities for traders and investors to find a decent bid...

AUD/USD Uptrend Resumes above 0.675 [/url] Solid ECN—The Australian dollar bounced from an ascending trendline against the U.S. Dollar from the immediate resistance at 0.675. The technical indicators provide mixed signals, mostly because all technical tools are lagging. That said, from a...

EUR/USD Analysis - 11-July-2024 Solid ECN—The European currency resumed its uptrend trajectory against the U.S. Dollar in today's trading session as expected. However, the EUR/USD pair is in an overbought state as both stochastic and RSI (14) are above 80 and 70. From a technical standpoint...

EUR/USD Forecast: Bulls Eye 1.0844 Solid ECN—EUR/USD tests the immediate resistance at 1.082. The technical indicators give mixed signals, with the Awesome Oscillator (AO) and stochastic oscillator being bearish. On the other hand, the RSI and Heiken Ashi suggest the bullish market will...

Yen Rebounds Amid Intervention Fears Solid ECN—The Japanese yen strengthened past 161 per dollar, recovering slightly from its 38-year lows. This improvement came mainly due to a weaker dollar after soft US economic data boosted expectations that the Federal Reserve might cut interest rates as...

USD/CHF Alert: Potential Dip Expected Solid ECN—The USD/CHF price is currently in a strong upward trend, clinging to the upper boundary of the bullish flag pattern. The recent price movements have exceeded the Bollinger Bands, and momentum indicators such as the RSI and Stochastic Oscillator...

EUR/USD Nears Overbought After Bullish Run The EUR/USD currency pair returns from the 38.2% Fibonacci retracement level at 1.076. The technical indicators suggest the market is bullish but might become overbought soon. Going long at the current price is not recommended from a technical...

USD/CNH Bullish Outlook Above 7.29 Solid ECN—The USD/CNH dip from 7.3 was expected because the stochastic oscillator was hovering in overbought territory. In today's trading session, the pair tested the 7.29 immediate support, while technical indicators suggest the downtrend might resume, and...

Bitcoin Bearish Trend Analysis Solid ECN—Bitcoin is experiencing a bear market, trading below $62,724. Technical indicators suggest that the downtrend is likely to continue. From a technical standpoint, the immediate resistance is at the 38.2% Fibonacci level. If the price stays below this...

GBP/USD Analysis: Bearish Signals Ahead Solid ECN—The GBP/USD pair dipped from 1.270, a development in the U.S. price, which was expected because the stochastic oscillator was overbought. Additionally, the technical indicators suggest the bear market should prevail, with the RSI below zero and...

EUR/USD Update: Bullish Targets in Sight as Price Stabilizes Solid ECN—The EUR/USD currency pair stabilizes above the broken descending trendline in the 4-hour chart. However, the price remains below the key resistance level at 1.076, indicating that the primary trend is still bearish...

AUD/USD Bullish Momentum Strengthens Solid ECN—The AUD/USD pair is trading above the 50% Fibonacci level at approximately 0.664 in today's session. The pullback from 0.662 was anticipated, given that the Demarker indicator was in the oversold territory, and the market formed a long-wick...

MACD Signals Potential Shift for EUR/USD Pair Solid ECN—The EUR/USD currency pair is correcting some of its losses from Friday. The MACD indicator shows divergence, suggesting the market might enter a consolidation phase or experience a trend reversal. Currently, the pair is in a downtrend...

Gold Prices Steady Amid Economic Slowdown On Thursday, gold prices were stable at around $2,330 per ounce due to weak US economic data, raising hopes that the Federal Reserve might lower interest rates soon. Recent figures indicate that US retail sales have stagnated, reflecting a decline in...

Eastern Tensions and Market Forces Propel Oil Futures Solid ECN—On Wednesday, WTI crude futures maintained a price of around $80.3 per barrel, their highest in seven weeks. This spike is due to increasing conflicts in Eastern Europe and the Middle East, which have raised concerns over oil...

USDJPY Eyes June High at 158.2 Solid ECN—The USDJPY is currently in a strong bullish trend, with the next target likely to be June's high of 158.2. The MACD indicator is signaling divergence, while the Demarker indicator is declining below the oversold territory. These developments in...

EUR/USD Analysis: Critical Support and Potential Rebound Solid ECN—EUR/USD is testing the crucial $1.067 support level, while the Demarker indicator shows the market is deeply oversold. The 4-hour chart reveals uncertainty, with shooting star candlesticks appearing three times. The key...