Technical analysis of NZDUSD Today I will start technical analysis on NZD/USD. The market is currently in a downtrend, and the trend line is helping it enter a downtrend. The market is currently trading below resistance at 0.5672 and above support...
Bearish Belt Hold Chart Pattern The Bearish Belt Hold is a single-candlestick pattern in technical analysis that suggests a potential reversal from an uptrend to a downtrend. It is considered a type of Marubozu candle and falls under the category...
Let’s consider the chart of the D1 period - the EURJPY currency pair. As is clearly seen here, the price is pressed down along the general downward trend. Here, the wave structure is still descending. After the last wave of decline updated the...
Market Fundamentals: Market analysts widely anticipate that the Reserve Bank of Australia will keep interest rates steady at 4.35% in its upcoming policy decision. However, given Australia’s weaker-than-expected third-quarter Gross Domestic Product...
market has developed successfully, and I can now see that the initial confusion I experienced has given way to a clearer understanding of the situation. I observe that the trend has reached a logical point at the resistance level, which is directed...
