Moving averages are my favorite technical tools for identifying trend, they are simple but yet effective because you can try different parameters and see how they work...
Support and Resistance Support and Resistance are key concepts in technical analysis used by traders to identify price levels where a stock, commodity, or asset might experience buying or selling pressure. These levels help traders make decisions...
The Loonie pair has been strongly influenced by fluctuations in oil prices, with its recent strength largely tied to the performance of crude oil. However, any sustained downturn in oil prices could accelerate the downtrend for the price, pushing...
EUR/USD keeps trading around the 1.0500 mark in the American session on Tuesday. A negative shift in risk sentiment revived the haven demand for the US Dollar earlier in the day, while tepid US Retail Sales figures put near-term pressure on the...
Governor Adrian hinted at the possibility of another rate cut in February 2025, citing subdued development. This dovish tone from the Reserve Bank has led to a weakening of the Kiwi against the US Dollar (USD) in the short term. On the global stage,...
