Gold Wave Analysis

The euro has been drifting most of this week and remains steady on Thursday. In the European session, EUR/USD is trading at 1.0533, up 0.22% at the time of writing. France in political chaos as government collapses France’s coalition government has collapsed after a no-confidence vote against the government passed on Wednesday. French Prime Minister […]

The USDCHF pair continues to drop, trading near 0.9030 on Wednesday as the US Dollar weakens for the third day. The US Dollar Index (DXY) remains under pressure while traders look ahead to Friday’s US job report, which could impact the Federal Reserve’s decisions. Meanwhile, tensions between the US and China have increased, with both […]

GBPJPY marks new higher high; remains restricted Resistance near 198.50; support seen around 196.00 GBPJPY charted a three-month high of 198.42 at the top of a bullish channel, increasing speculation that a new bearish wave could soon start, especially after the close below the 61.8% Fibonacci retracement at 197.35. Technical indicators are showing mixed signals: the stochastic oscillator […]