Let’s take a closer look at the D1 timeframe chart for the EURUSD currency pair. Most of April has gone by, and buyers are taking charge in the market. The wave pattern is still developing in an upward trend, and the MACD indicator is climbing in...
Oil Daily Forecast The daily chart of USOIL (Crude Oil) shows a clear shift in market sentiment from the previous bull market to a clear bear market. Initially, the price fluctuated in a relatively stable range, hovering between $72.00 and $78.00....
The currency pair NZD/USD is currently indicating the creation of a strong demand area around the price level of 0. 5900. This spot saw a significant bullish response in the past, reflecting notable buying interest at that point. Additionally,...
The currency pair appears to be forming a bearish Broadening Formation pattern; however, recent technical developments suggest that bulls may still have the upper hand in the near term. The pair broke above the 20-day Simple Moving Average (SMA) and...
The People's Bank of China (PBoC) is expected to implement an interest rate cut at an appropriate time this year—a move that could provide a much-needed boost to Chinese demand. The currency pair extended its gains against the U.S. Dollar (USD) for...
