If the pair successfully breaks below the support level of 156.70, bearish momentum will likely strengthen, allowing sellers to continue pushing the price downward. However, a mere breakout is insufficient; the price must remain below this level to...
Shorting gold or buying it at current prices does not present an optimal opportunity for short sellers. The reason is that once the initial impulse wave to the upside concludes, the prevailing downtrend will be broken. Therefore, if prices fail to...
The NZD/JPY pair is currently positioned in a technical landscape where price movement is dictated by critical levels of support and resistance. At present, the market shows potential for a rise of 66 to 93 pips, assuming that the price remains...
Date: 5th February 2025. Stock Market Drops as US-China Trade War Escalates; Gold Hits Record High. US Dollar Weakens Amid Market Uncertainty * The US dollar continued to weaken, extending Tuesday’s 0.7% drop following disappointing US jobs data. *...
H-4 Chart Technical Outlook AUD/USD On the H-4 chart, I see that the movement is going north lately. Today the pair is also going north at the moment. I wonder how the pair will move further, will the north continue or should I expect changes. I...
