The MACD indicator on the daily chart shows a typical buy signal, indicating some buying interest in the market. However, this interest may not be strong enough to drive significant price increases in the near future. Traders should closely monitor...
Fundamental Analysis On Friday, the EUR/USD pair dropped lower, reaching 1.0670 before rising to the 1.0700 milestone in the US trading session. Following a significant movement in voter mood towards right-of-centre political parties in the recent...
Forex and Cryptocurrency Forecast for 17 – 21 June 2024 EUR/USD: Hawkish Sentiments of the Fed As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure....
The AUD/USD currency pair, representing the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD), is currently trading at approximately 0.6623. This level indicates that one Australian Dollar is worth around 66.23 US cents. The...
The chart depicts a trend line (short-term) with shaded confidence intervals over a date range from May 15, 2024, to July 1, 2024. Here is a detailed description and analysis of the chart: ### Description: 1. **X-Axis (Date)**: - The x-axis...