WTI crude oil futures have experienced a downward trend over the past three weeks, declining by approximately 6% since reaching a peak of 79.36 in January. The recent sell-off intensified on Tuesday, pushing prices to a low of 70.66. However, the...
Forex traders are closely watching the upcoming GDP release, with Q3 growth expected to confirm a preliminary estimate of 0.4% quarter-over-quarter. On an annual basis, GDP is forecasted to rise by a modest 0.9%, underscoring the region’s sluggish...
GBP/JPY remains in a technically weak position, with the potential for a significant decline of 110 to 160 pips as long as the price remains below the key resistance level of 191.28. This level serves as a crucial barrier preventing any meaningful...
NZDUSD currency pair - let’s consider the D1 period chart today. January was passed earlier, and the movements were in different directions. There was a good upward correction, which was preceded by a bullish divergence on the MACD indicator used,...
The EUR/NZD currency pair is currently trading near a crucial support level at 1.8237, which serves as a pivotal point for determining its future direction. If this level holds, a potential bullish rebound could take place, leading the pair toward...
