Technical analysis of NZDUSD Today I choose NZD/USD for technical analysis. The market price is currently between the resistance level at 0.5880 and the support level at 0.5804. Now that the market price has broken the support level and closed...
Current market conditions suggest that traders should exercise caution as the US Dollar’s recent strength, driven by rising yields and political speculation, may face a pullback or consolidation. Despite its resilience, declining US bond yields have...
USD/CHF Technical Analysis Right now, USD/CHF is hovering around 0.8805, showing a cautious market mood. On the 4-hour chart, the pair remains below both its 50-day and 200-day EMAs, which points to a bearish setup. Resistance looks solid at...
GBP/USD Technical Analysis: Right now, GBP/USD is hovering around 1.2600, and I’m seeing mixed signals on the charts. On the 4-hour timeframe, it’s stuck near the 50-day EMA, which suggests indecision in the market. Key resistance is at 1.2650—if...
The pair currently exhibits a mixed outlook, influenced by uncertainties surrounding China’s economic health and potential shifts in US monetary policy. Market sentiment remains cautious as traders weigh China’s subdued stimulus measures against the...