Introduction We all are somewhat familiar with the concept of the bank because it has become a part of our daily life. A bank is a type of financial institution with the ability to keep, transmit, and receive deposits in the real world. Legally, banks can allow their clients to swap one fiat currency for …
Gold Fundamentals & News Gold prices are down by -1.84% in 24 hours and have reached $2017. The yellow metal extended its loss on Friday and dropped to its 2-day lowest level amid the rising strength of the US dollar. The US dollar Index, which measures the value of the greenback against the basket of …
Gold Came Under Pressure After Positive US Employment Data Read More »
EUR/USD Technical Analysis The technical outlook of the daily chart of EUR/USD shows that the price is moving towards the 61.8% Fibonacci Retracement level (calculated from a high of May 2021 to a low in September 2022). The descending trendline is acting as initial resistance; a break and closing above this line could spark a …
EUR/USD Reached Critical Resistance, Next Target is 1.1184 Read More »
EUR/USD Technical Analysis The daily chart outlook of the EUR/USD currency pair shows somewhat bullish sentiment. The prices are struggling to move past the initial resistance at 1.10510. A break above this level would strengthen the near-term outlook for EUR/USD. On the downside, the initial support is provided by the black trend line. Below this, …
EUR/USD near-term Outlook is Bullish with 1.10510 Resistance Read More »
USD/JPY Technical Analysis The technical outlook of the daily chart of the currency pair USD/JPY shows signs of a strong bullish trend. The price is moving above the Ichimoku cloud and has reached its critical resistance level of 138. This level offered great support to the pair in November 2022 from a massive fall. Furthermore, …
USD/JPY reaches near critical resistance 138 – A key level to Watch Read More »
Gold Technical Analysis The H4 chart of Gold shows that there are more buyers in the market than sellers. The prices have been moving in a descending triangle pattern for the past two weeks. Now, it has broken above the psychological $2000 mark. It is the same level where the 100-period Simple Moving Average is …
Gold Breaks Above the Descending Triangle Pattern and $2000 Read More »
USD/JPY Technical Analysis The outlook of the H4 chart of the USD/JPY currency pair shows that it has been continuously rising for about 32 hours. After breaking above the 50-SMA, the pair received a massive push that drove its prices to levels last seen 7-weeks ago. First, US GDP triggered the bullish trend with a …
USD/JPY rose to 7-week highest amid BOJ’s Decision to Keep Policy Read More »
Small is not just a stepping-stone. Small is a great destination itself.
Jason Fried
