When the EUR/USD tested the 1.0630 level, I initially found the reaction to be quite puzzling. It seemed like the market's bots might have been reacting to the recent data on the unemployment rate, which rose by 0.1%, or perhaps the decrease in the...
General Point about AUDNZD: It is important to understand that buyers are in a much stronger position in the AUDNZD market. Currently trading at the 1.0961 level, the pair has seen favorable conditions for buyers due to a combination of factors....
EURUSD Technical Analysis Four-hour chart: If the market price is seen in four hours, then the market is currently in a selling trend. Suppose the 200-day simple moving average and the market price can be seen below it. The market is currently at...
Oil traders are closely watching the recent monetary measures taken by China to stimulate its economy and boost energy demand. Last week, China announced an unprecedented capital infusion of over CNY 1 trillion into its largest state banks, a move...
USDJPY Technical Analysis: Four-hour Time Frame: If we look at the market price in four hours, the prices are currently moving downwards. The market price has currently fallen well below the 200-day simple moving average and the market price is...