Hello all traders, I am currently analyzing the real-time behavior of gold prices. Gold prices are expected to fall by nearly $100 after the recent correction, reaching $2,416 per troy ounce. On the daily chart, the support zone is at $2,314 per...
The Euro took a tumble against the US Dollar on Friday after a double whammy of positive US economic data and cautious comments from the European Central Bank (ECB). Firstly, US nonfarm payrolls for May smashed expectations, surging to a net 272,000...
The economic calendar for the US dollar holds limited significance for the NZD/USD chart's activity today. I foresee a confident move towards the upper support level of 0.6380-0.6390 on the four-hour chart. This trend is likely to continue, and...
Technical factors also play a crucial role in determining the support and resistance levels in currency trading. The 0.61068 support level might have been identified based on historical price action, where previous price movements found support or...
EUR/USD H4 The upward trend remained intact on Tuesday. We've intentionally reduced the scale of the hourly timeframe to show the entire movement that started over a month and a half ago. The main point is that EUR/USD settled below the ascending...