Let’s consider the chart of the D1 period - the EURUSD currency pair. Most of this April has already passed quickly and buyers reign supreme. The wave structure is still being built in an ascending order, the MACD indicator continues to grow in the...
Looking at the recent price action of the USD/CHF (U.S. Dollar vs. Swiss Franc) pair, it’s clear that a leading diagonal wave is forming. This is a relatively rare pattern but carries strong technical significance, especially when it appears at...
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,...
AUD/USD This morning, I’m seeing AUD/USD holding near the 0.6410 mark after last week’s modest rebound. Price action still looks cautious, and I get the sense that bulls are lacking follow-through despite a slightly weaker U.S. dollar. Technical...
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...
