The Euro is under pressure as market expectations grow for aggressive interest rate cuts by the European Central Bank (ECB) to support the struggling Eurozone economy. The ECB is widely anticipated to reduce the deposit facility rate by 25 basis...
Weekend Greetings and Market Anticipation Hello dear friends! Happy weekend! I hope you all are doing well and eagerly waiting for the market to open. Forex traders are always anxious for the market to be active, as we never like to see it closed....
AUD / NZD: My Trading Road Map The market price of AUDNZD hit the 1.1086 level on Friday, signaling that the bears or sellers may have an opportunity to enter the market. This price action suggests some selling pressure, but it does not indicate...
Technical Analysis of Gold The technical analysis of gold on a daily chart shows that trading ended last week in a strong support area where the price returns to test the price channels that were broken upwards. This month, trading opened within...
Currency pair AUDUSD - chart of period D1. The wave structure on this chart is still building its order downwards, the MACD indicator is in the lower sales zone. Among other things, the price is moving downwards within the descending channel with a...
