Market Analysis Overview In the daily chart analysis, the wave structure is showing an upward trend. The MACD indicator is also in the upper zone and growing above its signal line. Since the beginning of March, prices have surged upwards...
The EUR/NZD currency pair is experiencing bearish momentum as long as the price remains below the key resistance level of 1.8968. Market conditions indicate continued selling pressure, with technical indicators showing a lack of bullish strength in...
The EUR/AUD currency pair remains under bearish pressure as long as the price continues trading below the crucial resistance level of 1.7244 in the current market session. Traders closely monitor price action to determine whether the pair will...
Importance of Support and Resistance Levels in Trading Support and resistance levels are fundamental concepts in trading that help traders make informed decisions. These levels act as psychological barriers in the market, influencing price movement...
The GBP/USD currency pair is currently showing a complex trading scenario across different time frames, which requires a thorough analysis of market conditions and potential price movements. On the daily chart (D1), the pair is situated above the...
