The provided NZD/USD H4 chart reveals a prolonged downtrend, characterized by lower highs and lower lows, confirming sustained bearish pressure. The moving average (red line) appears to be a 50-period or 100-period simple moving average (SMA), which...
T E C H N I C A L _ A N A L Y S I S X A U / U S D Currently, XAU/USD is trading roughly at 2935.34. A moderate downward correction is quite possible for this instrument in the first half of the day, but the main scenario is the continuation of the...
This past week, I observed a clear decline in the market, with Monday, Tuesday, and Wednesday forming a range-bound movement. However, on Wednesday, I noticed the beginning of a decline that pushed the price toward the support level of 189.812. I...
The US dollar is currently in no hurry to strengthen, and I believe this has allowed the Swiss franc, along with other currencies, to capitalize on the situation. I observe that the past trading week concluded near a significant support zone, from...
The Japanese yen retained its bullish momentum during the European morning, bolstered by growing market consensus that the Bank of Japan (BoJ) will implement further interest rate hikes. This expectation was reinforced by the release of strong...
