The Australian Dollar (AUD) experienced a significant decline against the US Dollar (USD) in August, particularly after the release of the November Non-Farm Payrolls (NFP) report. This decline was primarily driven by several key factors. The NFP...
Forex and Cryptocurrency Forecast for December 09 – 13, 2024 The past week exhibited varying trends across major markets. The euro managed to hold its ground against the dollar, albeit within a persistent long-term descending channel. Gold and...
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...
Trading journal Sunday, December 8, 2024 AUDUSD AudUsd pair price falls below the 100 Simple Moving Average zone Assalamu'alaikum ... Hopefully on this weekend holiday traders are still in good health and get an abundance of health...
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...