The British pound faced an uncertain path against the US dollar on Thursday. The currency hovered near its longer-term moving average, lacking a clear direction. This indecisiveness stemmed from mixed signals from the US economy. On the positive...
The Euro showed some positive signs on Thursday but remained cautious. The key factor influencing the currency's movement was the upcoming release of US inflation data on Friday. European economic data released in the latter half of the week was...
Gold was sending mixed signals as it continued its downtrend. This week started the slow turn, breaking the previous week’s low of 2,307. Also, the daily bear flag was confirmed yesterday, resulting in a weak finish in the lower trading range of the...
The ZigZag indicator is a popular technical analysis tool for filtering small price movements in forex trading to highlight significant trends and reversals. It helps traders identify key trends by removing market noise and providing a clear view of...
AUD-USD PAIR ANALYSIS Today, we will review the AUD/USD pair from a technical analysis perspective. We will start from the daily time frame to get a comprehensive picture of the dynamics of price movements. On the daily time frame, the price of...