Today we will review the D1 period chart again - the AUDCAD currency pair. The ascending wave structure broke earlier after the last wave of decline updated the minimum of the previous one, thus the wave structure built its order downwards. The MACD...
EUR/JPY Fundamental Analysis: Today, the EUR/JPY pair is reacting to mixed economic signals from both the Eurozone and Japan. The Eurozone’s CPI data came in at 3.2%, which was expected, but it still highlights ongoing inflation concerns. After the...
A stronger-than-expected inflation reading may fuel expectations for more rate cuts by the Federal Reserve, which could be bullish for gold, as lower rates often boost demand for non-yielding assets like gold. Conversely, a weaker inflation report...
The provided chart shows the AUD/USD currency pair on the H1 timeframe. The analysis considers both price action and technical indicators, such as the Relative Strength Index (RSI) and a moving average. Let’s break down the key observations and...
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