The single European currency failed to keep recovering the exchange rate versus the US dollar last week. The bullish retracement was limited by the previous static horizontal resistance with a whipsaw slightly above it (1.11376 vs 1.11214 dollars per Euro).…

The price of WTI Crude Oil found support at $93.56 per barrel, closing the weekly candlestick with the red body ($105.35) and a long downside shadow. Given the recent volatility and sharp price action, the past week’s performance could shed…

The British Pound charted three red weekly candlesticks in a row versus the US dollar. As a result, the GBP/USD exchange rate lost -4.1% (550 pips, four-digit quotes). Such a rapid bearish action created a negative technical pattern, showing that…

The single European currency printed the lowest weekly close price versus the US dollar since May 2020, losing almost 3% of the exchange rate. EUR/USD is accelerating the downtrend, getting closer to multi-year low at 1.0696, which is not that…