The AUD/USD H1 chart reflects a strong bullish trend, with the price consistently trading above the middle Bollinger Band. This suggests that buyers remain in control, pushing the price to recent highs around 0.6390. The expansion of the Bollinger...
The Parabolic SAR (Stop and Reverse) and the Relative Strength Index (RSI) are two popular technical indicators used by traders to identify potential trends and reversals in financial markets. Currently, the Parabolic SAR and RSI indicate that the...
The EUR/USD H4 chart shows a strong downtrend over the past several months, with a sharp decline from above 1.1200 to a low near 1.0150 before a recent recovery attempt. The 50-period moving average (red line) has consistently acted as dynamic...
Market Overview As we approach the end of the week, the EUR/USD market has shown a bullish rally that began early in the week. Despite some attempts by sellers to push prices lower, buyers have been actively defending the upward momentum, attempting...
Consumer Price Index Trends in Australia and Market Reactions Overview of Australian Inflation The Trimmed Mean Consumer Price Index (CPI), closely monitored by the Reserve Bank of Australia (RBA), has shown a decline to 3.5% in the third quarter,...
