The price action shows significant volatility across the timeframe, with noticeable peaks and troughs. The red moving average (likely a short-to-medium-term moving average such as the 10 or 20-period MA) acts as a dynamic support and resistance. The...
Trading journal Sunday, December 15, 2024 AUDUSD "A bearish rally is looming over the AudUsd market trend" Good afternoon, The price journey of the AudUsd pair until last Friday night was in the performance of a price movement that was continuing...
USD/JPY This weekend, the USD/JPY pair is holding strong around 149.20, just below the key 150.00 resistance level. On the daily chart, the pair is trading comfortably above both the 50-day and 200-day moving averages, which keeps the bullish...
Gold Price Move Patterns Last week, gold prices strengthened supported by haven demand and large reserve purchases by the Central Bank of China. However, most of the increase was cut again by market confidence in the Fed's interest rate cut at the...
A key factor weighing on the New Zealand Dollar is the looming threat of tariffs from the United States, particularly those targeting China, which could disrupt global trade. Additionally, market participants are closely watching the Federal...
