On Wednesday, the NZD/USD currency pair recorded a modest increase of 0.30%, reaching a price level of 0.5615. This uptick occurred as the pair extended its gains above the 20-day Simple Moving Average (SMA). The movement above this moving average...
Technical Indicators Analysis 100 EMA (Exponential Moving Average): The 100 EMA is currently acting as a dynamic resistance level, which reinforces the prevailing downtrend in the market. This suggests that the price is struggling to rise above this...
EUR/JPY: Opportunity to go for a short trade to make some green pips. The overall trend of the market is bearish. The market respects EMA 31 and EMA 56. The bullish MACD divergence appeared on the hourly time frame. A bullish pullback has a great...
GBPUSD Daily Time Chart Analysis The GBP/USD currency pair has been in a volatile state for the past few days. The pair fell after hitting a three-week high of 1.2521 on Monday. The decline pushed the pair below the crucial 20-period simple moving...
January 31, 2025 NZD/USD stages a modest recovery from over a one-week low amid subdued USD demand The NZD/USD currency pair is exhibiting bearish tendencies. The pair is trading near 0.5645, approaching the 20-day Simple Moving Average (SMA), a...
