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Will the Momentum Continue? – Forex Market Analysis – ForexCycle.com
The GBPUSD pair continues to show strength, maintaining its position within a rising price channel on the 4-hour chart. This pattern suggests that the uptrend from 1.3001 remains firmly intact, providing a bullish outlook for traders. As long as the pair respects the lower boundary of this channel, we can expect the upward momentum to…
EUR/USD Falls Ahead of PCE Index Release
A week ago, we wrote about significant changes in the dollar index – the DXY chart was signalling bullish trends. This week has confirmed those assumptions, which is also reflected in EUR/USD: this morning, the pair fell below 1.1660, marking a three-week low. Trader sentiment is being influenced by:→ News regarding President Trump’s decision to…
What Is the Falling Wedge Pattern? | FXOpen
Various chart patterns give an indication of possible market direction. A falling wedge is one such formation that indicates a possible bullish reversal. This FXOpen article will help you understand whether the falling wedge pattern is bullish or bearish, what its formation signifies about the market direction, and how it can be used to spot…
German Business Climate Worse Than Expected; Euro/Pound Under Pressure – Action Forex
The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on average, were expecting a further increase to confirm the more positive PMI reading released last…
China central bank to better regulate cross-border yuan financing between banks
China central bank to better regulate cross-border yuan financing between banks Source link
USDJPY: Elliott wave analysis and forecast for 30.08.24 – 06.09.24 | LiteFinance
2024.08.30 2024.08.30 USDJPY: Elliott wave analysis and forecast for 30.08.24 – 06.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 141.66 with a growth target of 165.00 – 170.00. A buy signal: after the price returns above 141.66. Stop Loss:…
