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BTCUSD remains in a sharp downtrend for the fourth consecutive day, with Thursday and early Friday seeing accelerated selling driven by broader risk-off sentiment. Traders are cautious amid the absence of key economic data due to the…
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EURJPY extended its strong uptrend, reaching new record highs as the yen remained under pressure following dovish remarks from Japan’s Prime Minister, whose administration signaled a preference for maintaining low interest rates.…
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Gold remains in a consolidation phase for the second day, as bulls pause following Monday’s strong rally that broke key resistance levels and generated fresh bullish signals. Limited profit-taking has kept the price supported above…
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Fresh bullish momentum extended for the second straight day from a new higher base at 0.8765, bringing EURGBP just shy of its 2025 peak at 0.8829 posted last week. The move signals a likely completion of the recent four-day 0.8829/0.8765…
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USDJPY surged on Wednesday, propelled by a break above recent multi-tops at 148.50, triggering stops and lifting the pair to its highest level since early February. The pair gained 0.45% in Wednesday morning trade, as the break above the…
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The dollar index extended its decline for a fourth consecutive day, continuing the pullback that followed its inability to decisively break the key psychological 100 level and a bear trap at the falling 200DMA, which now reinforces…
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The Euro maintains a constructive tone and once again tests the key Fibonacci resistance at 1.1570 (38.2% retracement of the 1.1728/1.1468 decline), as the recovery from 1.1468 was strengthened by a bear-trap formation on the weekly chart,…
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Gold jumped over 2% at the start of the week, briefly surpassing the $4100 mark, improving the near-term outlook and reducing immediate downside risk. The rally was fueled by weaker-than-expected US economic data, which pressured the…
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Gold prices edged higher on Friday, marking a second attempt to decisively break above key resistance levels at $3986, representing the upper boundary of the triangle pattern, and the psychological barrier at $4000. This comes after…
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The pound jumped above the 1.31 level after the Bank of England left interest rates unchanged, as widely expected, but later trimmed gains following signals that policymakers may consider a rate cut at the December meeting. This potential…
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