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...
Definition and Implications Bullish momentum refers to a situation where prices in the market are moving upwards, indicating a strong buying pressure. When bullish momentum is present, it suggests that buyers are dominating the market, leading to a...
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...
Analyzing the senior timeframes over the weekend is crucial for me to summarize the preliminary results of how previous signals have played out and to strategize the next steps. For this particular currency pair, I observed a strong validation of...
T E C H N I C A L _ A N A L Y S I S E U R / U S D Good morning to all forum friends and respected moderators. Yesterday, EUR/USD traded slightly in the lower direction and closed the day around the 1.0459 price area. Today, I want to analyze the...
