Simple Moving Average Indicator The Simple Moving Average (SMA) is a widely used technical indicator in financial markets, especially in Forex and stock trading. It helps traders identify trends by smoothing out price fluctuations over a specific...
Technical Analysis of GBPNZD The GBPNZD pair closed the trading session at 2.24931, reflecting a neutral to slightly bearish sentiment as prices hovered between key technical levels. The pair remains within a defined range, with resistance at...
General Points about AUD/USD: We have seen that the AUD/USD market closed at the 0.6323 level, indicating a stable performance despite external economic pressures. Yesterday's U.S. Consumer Sentiment and Inflation Expectations data did not provide...
I decided to go ahead with selling XAUUSD at the round level of 3000. However, I had some doubts, realizing that I might not be the only one thinking of selling at this price point. As a result, I opened a position with a slightly reduced lot size....
Gold prices achieved a new record high of $2,983 per ounce on Friday, marking a significant milestone in the precious metal's recent performance. For the week, gold closed with a gain exceeding 2%, driven by a noticeable decline in risk appetite...
