Bitcoin Trading Analysis: Bullish Momentum or Bearish Reversal? Bitcoin's recent price action has created a sense of optimism among traders. Yesterday, it surged towards the 59,400 level before rallying to test the 62,500 level, indicating strong...
TRADING UPDATES USD/JPY The USDJPY currency pair shows a strong bullish trend based on the latest technical analysis. One technical indicator that supports this view is the position of the EMA 50 which is above the EMA 100. This condition is...
The NZD/USD (New Zealand Dollar/US Dollar) exchange rate, currently at 0.6112, is experiencing a bearish trend. This indicates that the New Zealand Dollar is weakening against the US Dollar. Various factors could contribute to this movement,...
EUR-AUD PAIR ANALYSIS The release of the Australian CPI news made EURaud move aggressively today. Data that exceeded expectations made the Aussie dollar strengthen further against the euro. It seems that Australian inflation is still high. In this...
EUR/GBP UPDATES The EURGBP pair experienced a decline towards the demand area 0.8435 - 0.8429, making the direction of the bullish trend weaken. The reason is that the price is currently still below the 200 SMA, while the 50 EMA appears to be...