Analysis of AUD/USD Market Conditions Current Price Action As of now, the AUD/USD currency pair is trading at a price of 0.6353, which is notably positioned above the Daily Moving Average. This indicates a bullish sentiment in the market, suggesting...
EURUSD Daily Time Chart Analysis The daily EUR/USD chart is in a downtrend with lower highs and lower lows. The bearish line acts as a resistance line. The price recently broke above this trend, suggesting a possible reversal. Fibonacci retracement...
Chinese households struggling with rampant inflation China’s authorities have to make urgent efforts against rampant inflation. According to Reuters, citing China's National Bureau of Statistics, domestic consumer inflation has soared over the...
Technical analysis of GBPJPY Today I choose GBP/JPY for technical analysis; the market price is between 192.82 resistance and 190.70 support. Market price breaks below resistance and shifts from support to price action. However, if your market price...
The term "MN chart" refers to the Monthly Chart in Forex trading. This chart provides a visual representation of price movements over an entire month, with each candlestick or bar encapsulating the open, close, high, and low prices for that specific...