NZD/USD Greetings and Good morning to everyone! Yesterday was a flash day and the buyers of NZD/USD crossed the 0.5780 level successfully. Today, the US news events will help the buyers or sellers to remain stable. So, I prefer a buy order on...
The EUR/USD currency pair displayed a modest recovery on Monday, trading slightly above the 1.0500 level after rebounding from recent lows. While the pair attempted to challenge the 20-day Simple Moving Average (SMA) near 1.0520, it ultimately...
EUR/USD Technical Analysis: Methods and Insights 1. Support Resistance Levels Formal: Support and resistance levels are fundamental tools for technical traders. They identify price zones where the market repeatedly reverses or stalls. For EUR/USD:...
The GBP/USD currency pair initiated a rebound in early European trading on Monday, snapping a three-day losing streak and hovering around the 1.2640 level. However, a closer examination of the daily chart reveals a persistent bearish bias, as the...
The currency pair is set to post its first weekly gain in a month, but the broader market sentiment remains cautious. Despite this short-term recovery, the pair continues to face significant headwinds. Ongoing economic struggles in the Eurozone,...