A key factor weighing on the NZD is growing speculation that the Reserve Bank of New Zealand (RBNZ) will lower its Official Cash Rate (OCR) by another 50 basis points (bps) to 3.75% in its upcoming policy meeting. Additionally, concerns around...
Good afternoon Cereal, although the price has dropped slightly, from what I see now, the candlestick is still able to stay above the 100 simple moving average zone. The market conditions if monitored from a 4-hour time frame can be said to be a...
I wish everyone a great mood! The linear regression indicator points to a favorable situation for the seller. It demonstrates its activity and strength, since the M15 channel is inclined to the south. I am considering sales from the upper border of...
The USD/JPY currency pair maintains an overall bullish outlook as long as the price remains above the key support level of 149.33 in the current market conditions. Technical indicators suggest an upward trend continuation, with the Relative Strength...
EUR/USD ANALYSIS EUR/USD is trading at 1.0899, approaching a key resistance level of 1.0948. The Zigzag indicator highlights recent price swings, showing an overall upward trend. If buyers maintain control and push the price above 1.0948, it could...
