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...
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,...
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...
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...
The GBPUSD exchange rate on the 4-hour time frame has shown strength, successfully reaching the 200-period moving average. This achievement provides hope for the continuation of the bullish trend, especially if the price can close above that level....