Australian Dollar Struggles Below Key Resistance: Bearrish Moad The Australian dollar attempted to rally during Friday's retail session but, like the Euro, faced significant resistance near the 50-day moving average (EMA). The currency hit a barrier...
TRADING CHART ON NZD/USD H4. The dollar index's correction towards the level of 107.00 has weakened the US Dollar's outlook in most currency pairs. The NZD USD pair is an exception, as it has been rising this week. The opening prices on Monday were...
The Double Exponential Moving Average (DEMA) is a technical analysis indicator used in forex and other financial markets to smooth price data while reducing the lag associated with traditional moving averages. It was introduced by Patrick Mulloy in...
I observed that the EUR/USD currency pair ended the trading week on a strong note, reaching a local maximum at 1.0521. I see that the current ascending formation on the H4 timeframe has a complex internal structure, which I find difficult to clearly...
Market sentiment around interest rate adjustments has shifted slightly, with the probability of a 50-basis-point (bps) cut by the central bank to 4.25%-4.50% by year-end declining to 68.3% from 71.7% just a week ago. Traders appear confident in a...
