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After breaking through the descending wedge, the AUD/USD exchange rate hit a nearly five-year low, and an oversold signal followed.

During the European session on Wednesday, the AUD/USD exchange rate ended a three-day decline and is currently consolidating around 0.6000, supported by US President...

ATFX foreign exchange market: AUDUSD fell below 0.6 under the impact of Trump’s policies

Macro aspect: The US dollar is in a weak cycle, and most non-US currencies are appreciating. For example, EURUSD has broken through the 1.1000 mark,...

EURCHF Faces Strong Resistance: Bearish Trend Expected – Forecast for March 13, 2025

The EURCHF pair recently concluded a bullish rally, reaching the 61.8% Fibonacci retracement level at 0.9650, where it encountered significant resistance. This resistance has...

NZDCAD Tests Resistance: Bearish Outlook Continues – Forecast for March 11, 2025

The NZDCAD currency pair has recently experienced a bullish correction, prompted by positive stochastic indicators. This upward...

GBP/CHF Approaches Key Resistance Level – March 6, 2025 Forecast

The GBP/CHF currency pair witnessed a strong bullish rally on Wednesday, capitalizing on sustained consolidation within a...

GBPCAD Achieves Significant Gains – Market Forecast for March 4, 2025

The GBPCAD currency pair has shown notable strength, benefiting from positive factors such as its position within...

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The Fed may raise interest rates by 75 basis points in July

Today on Wednesday (June 29), the US dollar opened at 104.5 and closed at 104.5 yesterday. As of now, the highest has touched 104.52...

The trend is stalemate. Will the dollar break out this week?

Today on Tuesday (June 28), the US dollar opened at 103.95 and closed at 103.96 yesterday. As of now, the highest has touched 104.02...

The US refers to the 104.30 area to suppress the shock rise in Europe and the United States

Today on Tuesday (June 28), the EURUSD opened at 1.0582 and closed at 1.0581 yesterday. As of now, the highest has touched 1.0586 and...

If the economy cannot be improved, the pound will still be difficult to rise

Today on Tuesday (June 28), the GBPUSD opened at 1.0065 and closed at 1.22671 yesterday. So far, the highest has touched 1.2280 and the...

Factors affecting the exchange rate of the pound

In the international foreign exchange market, the pound occupies an important speculative share among the eight major international currencies . To speculate on the...

What is the unit of pound sterling?

The unit of sterling is pounds and pence. The symbol of pound £ is derived from the digit name libra poundo, which is formed...

What are the characteristics of the British pound currency

What are the characteristics of the British pound currency: The main features of sterling banknotes can be briefly summarized as follows: Currency name: British Pound (POUND,...

What are the denominations of British pounds?

The British pound is the standard currency of the United Kingdom and is issued by the Bank of England, which was established in 1694....

What are the principles for foreign exchange investment to increase positions?

Golden Investment Foreign Exchange Network January 12th , in the process of investing in foreign exchange , it is inevitable to encounter the situation...

How to formulate foreign exchange investment strategy?

foreign exchange investment strategy is a more effective investment skill that many investors want. So, how to formulate foreign exchange investment strategy? 1. Operation direction:...

What is the unit of foreign exchange trading volume?

The unit of foreign exchange transaction volume is hand, and we often measure the amount of foreign exchange speculation that we have traded 1...

Is Forex a Securities?

Forex and securities are fundamentally different, and securities can generally be divided into three categories, namely stocks, funds and bonds. Securities do not include...

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