Silver is into a corrective phase in the short term. Still, the retreat could be only a temporary one. Actually, a minor decline was expected after its previous swing higher. The current decline could bring us new long opportunities. In the short term, XAG/USD slipped lower as the price of Gold …
NZD/JPY Upside Needs Confirmation!
The NZD/JPY pair is still undecided in the short term. It moves somehow sideways but the buyers don’t have enough power to push the rate towards new highs. The Japanese Yen Futures rebounded, so the Yen could still try to appreciate. From the technical point of view, NZD/JPY signaled that the …
GBP/USD Further Growth In View!
The GBP/USD pair is trading in the green at 1.3454 at the time of writing. The rate moves somehow sideways trying to accumulate more energy before moving up or down. In the short term, the upside pressure is high as the price action signaled that the downside is limited. The United Kingdom …
