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GBPUSD crosses the monthly bearish channel, also the 50-SMA hurdle, after briefly declining to the lowest levels since 1985.
EURUSD fades bounce off the lowest levels in almost two decades as traders await the European Central Bank’s (ECB) second rate hike.
Gold extends pullback from 50-SMA and the upper line of the 12-day-long descending trend channel as sellers flirt with the $1,695.
AUDUSD bears take a breather after bouncing off a two-month-old horizontal support area, inside a broad bearish channel from early May.
USDCAD again battle with the resistance line of an upward sloping trend channel since late October 2021.
Gold flirts with the $1,700 threshold as it approaches the yearly bottom ahead of the key US Nonfarm Payrolls (NFP) data.
USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998.
Having refreshed the multi-year low the previous week, EURUSD rose during the last two days.
GBPUSD prints a falling wedge bullish chart pattern amid all the pessimism surrounding the UK economy and the hawkish Fed, not to forget the US dollar’s run-up.
AUDUSD reversed before the 100-DMA hurdle on Friday. The bears, however, jostle with the five-week-old horizontal support area surrounding 0.6860-50 afterward.
Gold fades the bounce off 61.8% Fibonacci retracement of July-August moves as traders await Fed Chair Jerome Powell’s appearance at the annual Jackson Hole Symposium.
NZDUSD picks up bids inside a weekly trading range that restricts the pair’s move after it dropped below a five-week-old ascending trend line and the 200-SMA.
EURUSD dropped to the lowest since late 2002 during the four-day downtrend.
GBPUSD dropped consecutively during the last four days to approach the yearly low marked in July.
NZDUSD bounces off a five-week low as it extends the corrective pullback from a weekly falling channel’s support line.