Technical Analysis of GBPNZD The GBPNZD pair closed the trading session at 2.24931, reflecting a neutral to slightly bearish sentiment as prices hovered between key technical levels. The pair remains within a defined range, with resistance at...
Technically, the currency pair is facing resistance from a stronger pair, as it gives up gains from the previous session, trading around 162.30 during the Asian session on Wednesday. This decline is linked to Japan’s positive GDP report, which is...
When analyzing the EURJPY currency pair, it becomes evident that the price struggles to penetrate the supply area at 161.04, leading to a downward movement. Initially, the pair was on an upward trajectory, but it subsequently dropped to 159.25. This...
On the daily chart of the USD/CHF currency pair, a strong demand level has formed where a morning star pattern is emerging. This pattern is often seen as a bullish reversal signal, indicating potential upward momentum in the price. The current close...
I decided to go ahead with selling XAUUSD at the round level of 3000. However, I had some doubts, realizing that I might not be the only one thinking of selling at this price point. As a result, I opened a position with a slightly reduced lot size....
