NZD/USD : Currently, the NZD/USD exchange rate is at 0.6134, reflecting a bearish trend in the market. This downward movement suggests a gradual decline in the value of the New Zealand dollar relative to the US dollar. However, despite the current...
The NZD/USD currency pair has been locked in a tense battle between buyers and sellers. After falling to 0.6115, the pair bounced back and is currently hovering around its 20-day moving average at 0.6140. Neither side has been able to decisively...
EURGBP D1 In the EUR/GBP pair yesterday, after a slight northward retracement, the price reversed and was pushed down by a strong bearish impulse, resulting in the formation of a full bearish candle, which once again closed near the local support...
The GBP/USD currency pair, commonly referred to as "Cable," is currently trading at 1.2682. This price level reflects a bearish trend, indicating that the British pound is weakening against the US dollar. While the market has been moving slowly,...
What is Pivot point in Forex Trading? Detailed Calculation of Pivot Points Pivot points are derived from the previous day's high, low, and closing prices. Here's a step-by-step breakdown of their calculationivot Point (P)=High+Low+Close3P =...