The XAU/USD 4-hour chart shows significant price action dynamics with clear liquidity areas and Fair Value Gaps (FVG) playing pivotal roles. Currently, the price is testing the upper boundary around 2,520, a key resistance area marked by a liquidity...
Zigzag indicator Introduction to the Zigzag Indicator in Forex When it comes to Forex trading, having the right tools can make all the difference. One such tool is the Zigzag indicator, a powerful yet often misunderstood indicator that helps...
In August, job growth in the US amounted to 142 thousand, which was slightly less than expected (consensus 165 thousand, Commerzbank forecast 150 thousand), Commerzbank’s Senior Economist Dr. Christoph Balz notes. Pair bottomed at a low of 0.8375...
The pair experienced selling pressure around the 142.20 mark during US trading hours on Friday. This decline was driven by a weaker US Dollar (USD), following disappointing US employment data. As traders seek new catalysts, attention will turn to...
The AUD/USD pair surrenders its intrady gains and turn negative in Friday's North American Session. The Aussie asset slumps to near 0.6700 in the aftermath of the United States(US) Nonfarm Payrolls NFP data for August, which increases buying...