The upper trendline, which serves as resistance, was tested during the day with a high of 77.90 but remained firm. This high also marked a successful resistance test of the 200-day moving average (MA), which is currently at 78.15. Notably, this...
AUD/USD Forum (Australian Dollar - US Dollar): Charts, Reviews M15 Minutes Timeframe Have a great day everyone! The linear regression channel on the M 15 chart is turned down. Assessing the market situation for the current period, we can presumably...
Fundamental Analysis Due to the stronger US dollar (USD) on Friday, the gold price (XAU/USD) loses ground. The anticipation of a more substantial rate decrease by the US Federal Reserve (Fed) in September has been delayed by the positive US GDP...
The Australian Dollar holds its position after Retail Sales reported no growth in July. Australia’s Retail Sales stagnated month-on-month in July, against the expected 0.3% increase. The US Dollar received support following stronger-than-expected US...
For the monthly trading period, the market conditions are monitored as bullish. This analysis uses a 4-hour timeframe referring to the moving average indicator, the trend is still bullish, indicated by the slope of the indicator starting to point...