The spot price saw moderate appreciation following the release of domestic employment data and key economic figures from China. However, the currency struggled to maintain its strength against the US Dollar (USD) as falling copper and iron ore...
The spot price witnessed a modest decline against the US dollar index (DXY) on Friday, although this downward trend might be mitigated by increasing speculation regarding a possible interest rate hike in Japan. The country's economy exhibited...
TRADE BY RSI INDICATOR *Trading with the Relative Strength Index (RSI) Indicator* The Relative Strength Index (RSI) is a popular technical analysis tool used to identify overbought and oversold conditions in financial markets. Developed by J. Welles...
Last week, bears handed the initiative to the bulls, allowing the price to rise. However, bulls were unable to sustain long-term growth. The wave structure is still forming downward, and the MACD indicator remains in the lower sales zone, although...
This week, EURUSD closed with a doji candle, indicating a balance between buyers and sellers. However, if we look at the current pattern on the weekly time frame, EURUSD remains in a bullish trend, as it's still moving above the 200-day moving...