The NZD continued its downward trajectory against the US Dollar (USD) on Friday, falling below the crucial 20-day Simple Moving Average (SMA) to 0.5830. This technical level has proven to be a formidable resistance, hindering any bullish recovery...
USD/CHF Technical Analysis USD/CHF is hovering around the 0.8850 mark, and I’m noticing a mix of bullish and bearish signals. The pair seems to have some support from the 50-day moving average, but breaking past the 0.8900 resistance remains a...
USD/JPY Technical Analysis USD/JPY is currently hovering around 144.50, showing signs of consolidation. From what I see on the 4-hour chart, the pair is staying below the 200-period EMA, which suggests bearish momentum for now. There’s strong...
In general, there is no point in arguing about this topic, for some scalping is 3-10 points, and for others, a movement of 20-30 points within a day is also scalping. Pipsing is essentially the lot of high-frequency robots that collect 0.5-2...
Australian dollar falls on weak GDP data The Aussie dollar saw a significant drop, mainly due to disappointing GDP data last week. This weaker than expected economic performance has set the stage for a potential move to the 0.6250 level. However,...