The GBP/USD pair also slightly declined on Tuesday, but this drop can be considered formal. The ascending trend line has been breached, but the price has yet to consolidate below the Senkou Span B line. If we move away from technical analysis, which...
The price of gold (XAU/USD) experienced a rebound from multi-day lows on Wednesday, although it remained below the $2,500 level. The renewed buying bias in the US dollar (USD) posed a challenge to gold's upward momentum. However, ongoing...
AUD-NZD PAIR ANALYSIS The price movement of the AUDNZD pair which is back below the two Moving Average lines seems to be trying to strengthen the bearish trend direction. If the price tends to be able to move up past the high prices of 1.0897 or...
What is pivot point in forex trading. A pivot point is an indicator developed by floor traders in the commodities markets to determine potential turning points. In the forex and other markets, day traders use pivot points to determine likely levels...
EUR/USD ANALYSIS Chart D1 - EURUSD currency pair. The wave structure on this senior period is still built in an ascending order. The MACD indicator, although it is in the upper purchase zone, is falling below its signal line, which indicates a...