The NZD/USD currency pair has been locked in a tense battle between buyers and sellers. After falling to 0.6115, the pair bounced back and is currently hovering around its 20-day moving average at 0.6140. Neither side has been able to decisively...
Crude Oil Market Analysis: Bullish Trend Confirmed With Key Technical Indicator The current crude oil price is at 78.48 as of market close. Analyzing the H4 chart, the price is currently above the 50 and 100 SMAs (Simple Moving Averages). These SMA...
A confident bullish candle has formed on the gold chart, closing near its highs without a proper correction. This pattern is a strong indication of continued upward momentum. Bullish candles generally suggest that buyers are in control and pushing...
EUR/JPY H1 The EUR/JPY currency pair has been stuck in a narrow trading range between 168 and 170 for over a month. This period of consolidation has seen a decline in buying interest, while selling pressure has started to mount. Sellers seem to be...
EUR/USD/D1 The euro extended its decline against the dollar for a third consecutive day, reflecting anxieties in the market following the volatile European Union parliamentary elections. Voters across the bloc displayed a strong preference for...