WTI crude oil futures have experienced a significant downturn, falling 6% over the past three weeks from their January peak of $79.36. A sharp pullback on Tuesday drove prices down to $70.66 before a resurgence of buying interest emerged from the...
THE CURRENCY PAIR AUD-NZD Today we will consider the chart of the senior period D1. The wave structure is mostly ascending; the trend, although not steep, is clearly ascending. The MACD indicator is now in the upper purchase zone and above its...
I observe that the GBP/USD daily chart shows a prolonged downward price channel that was active from October to February, characterized by consistent lower highs and lows. This pattern reflects sustained bearish sentiment during that period. I note,...
Forex Market Outlook 06 February 2025 Good morning to all respected forum members and moderators. Hopefully you are all in good spirits to welcome the mid-week market. How about last week's trading results? Hopefully it is still consistently...
AUD-USD PAIR ANALYSIS On the AudUsd market pair traded on Wednesday yesterday was able to be maintained by buyers who returned more dominantly and maintained the price to remain above the buyer support area at a price of 0.6243-0.6244 which the...
