USD/JPY Continues Bearish Trend as USD Struggles for Recovery
USD/JPY Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/JPY Continues Bearish Trend as USD Struggles for Recovery The USD/JPY pair remains entrenched in a bearish trend, marked by the formation of a bearish Triangle pattern. The US Dollar (USD) continues to grapple with a lack of meaningful recovery, hovering near its lowest […]
EUR/USD Breaks Consolidation Pattern, Bullish Momentum Builds
EUR/USD Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD Breaks Consolidation Pattern, Bullish Momentum Builds In a notable development, the EUR/USD pair has broken free from its recent consolidation pattern and is showing signs of upward momentum in today’s trading. On Monday, the pair traded within a narrow range of 50 pips, […]
USD/CAD: Cautious Optimism vs. Monetary Policy Expectations
USD/CAD Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. USD/CAD: Cautious Optimism vs. Monetary Policy Expectations USD/CAD exhibits the usual pre-data stagnation around 1.3200 as the European session commences on Tuesday. In this context, the currency pair of the US Dollar and the Canadian Dollar hovers around the 38.2% and 50% Fibonacci retracement […]
Daily Market Analysis – MONDAY JULY 17, 2023
Greetings, traders! Welcome back to our daily Market Analysis. Today, we have gathered the top news and interesting fundamental analysis for your consideration. Let’s dive in and stay informed! Key events: China – Industrial Production (YoY) (Jun)Eurozone – ECB President Lagarde SpeaksEurozone – ECB’s Lane SpeaksUSA – NY Empire State Manufacturing Index (Jul) Friday witnessed a modest dip in […]
Gold Struggles as US Dollar Gains Momentum, Eyes on US Data
GOLD H4 chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Struggles as US Dollar Gains Momentum, Eyes on US Data Gold has lost its momentum and currently hovers above the $1,950 level during the Asian session. The recent strength in the US Dollar, supported by upbeat US consumer confidence and mixed Chinese data, […]
EUR/USD’s Sideways Move Amidst Eurozone Inflationary Pressures
EUR/USD Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. EUR/USD’s Sideways Move Amidst Eurozone Inflationary Pressures The EUR/USD pair has embarked on a rollercoaster ride, exhibiting a volatile squeeze above the significant resistance level of 1.1200. As attention shifts towards the upcoming release of US Retail Sales data, the pair has turned sideways, […]
GBP/USD Consolidates, Upside Potential Ahead
GBP/USD Forex chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. GBP/USD Consolidates, Upside Potential Ahead GBP/USD Consolidates as Bullish Sentiment Prevails amid Divergent Central Bank Outlooks Introduction:The GBP/USD pair finds itself in a consolidation phase, struggling to gather momentum on Monday after last week’s breakout from an ascending trend channel. With a bullish bias […]
💰 Exploring the Potential of Investing in Precious Metals.
💰 Exploring the Potential of Investing in Precious Metals. Throughout the ages, the allure of rare and captivating metals like gold, silver, platinum, and palladium has remained unwavering. Their scarcity, exquisite aesthetics, and enduring nature have made them objects of desire. While these metals are commonly associated with ornamental jewelry, their utility extends far beyond […]
Ethereum’s Prospect: Is Now the Time to Invest Below $2,500?
ETHEREUM chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Ethereum’s Prospect: Is Now the Time to Invest Below $2,500? Throughout the first half of 2023, Ethereum has emerged as a standout performer in the cryptocurrency market. Year-to-date, it has seen a remarkable 55% increase and was recently trading at $1,865. However, Ethereum has encountered […]
GOLD: Stalled Rally and Impact of Inflation and Dollar Decline
GOLD chart – Analysis Made By REVOLVER™ and ISOTRIUMPH™ Indicators. Gold Price Consolidates as Inflation Concerns and Dollar Decline Keep Market Uncertain The price of gold, represented by XAU/USD, has remained relatively stagnant, hovering around the $1,960 and $1,957 levels. Despite a recent strong rally that brought it close to $1,960.00, the precious metal has […]