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Silver broke major resistance zone Likely to rise to resistance level 28.00 Silver under the bullish pressure after the recent breakout of the major resistance zone located between the resistance levels 26.15 and 26.90 (previous yearly highs from 2022 and 2023). The breakout of the resistance levels 26.15 and 26.90 accelerated the active impulse waves […]

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02/04/2024

GBPUSD Starts April With a Drop

GBPUSD moves sharply down on the first trading day of April 2024 neutral trajectory valid above 1.2500 GBPUSD plummeted to a six-week low of 1.2538 as investors returned from the Easter holiday break, re-establishing the downward pattern from the March high. Given the price’s position at the bottom of the 2024 range and around the […]
08/05/2024

AUD/USD Analysis: Aussie Weakens After RBA Decision

Following its decision on 7th May, the Reserve Bank of Australia (RBA) opted to maintain the interest rate at 4.35%, despite inflation continuing to decrease at a slower pace than anticipated by the RBA. “I think we still think they’re reasonably balanced with perhaps a little bit of a signal that we need to be […]
21/06/2024

Focus Turns to June PMIs After Central Bank Bonanza

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