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Monthly Archives: August 2025

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Dollar Falters Amid Political Turmoil and Trade Uncertainty; Gold Surges 

Written on August 5, 2025 at 3:12 am, by

Key Takeaways: *The greenback slipped after a weaker-than-expected NFP and Trump’s abrupt firing of the BLS head.  *The dollar index remained flat as traders await U.S. PMI data for clearer signals on economic momentum and potential FX volatility. *Heightened tariff threats and sanction risks fueled demand for gold, sending spot prices above weekly high. MarketContinue Reading

Chart the Market (05/08/2025)

Written on August 5, 2025 at 3:04 am, by

BTC, H4:  Bitcoin (BTC) remains under pressure despite a short-term rebound, currently trading near $114,750 after recovering modestly from last week’s $111,950 low. Price action shows BTC remains locked below a descending trendline and is unable to break through the confluence resistance zone between $114,000 and $116,000 which is a region marked by the 50-SMAContinue Reading

Double Top Patterns in Forex: A Guide for Currency Traders

Written on August 4, 2025 at 7:00 am, by

The double top pattern is one of the most apparent signs that a trend might be about to reverse. In forex trading, patterns like this can help traders spot potential turning points in the market and make more informed decisions. A double top is a bearish reversal pattern; it often shows up after an uptrendContinue Reading

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