The stochastic curve is also moving in a bearish direction, indicating that the trend is bearish. Given the gap between the open price and the resistance level of the SMA5, the price may correct to this dynamic resistance level before continuing its...
GBP/USD H4 chart By observing the chart on the daily and H4 time frames, we can get a more comprehensive picture of the movement of the GBPUSD currency pair as we can see that the dominant market trend is still moving in a bullish phase....
NZD/USD ANALYSIS 07 JULY 2024 If you look at the 4-hour time frame chart regarding the situation in the market this week, it seems that the price of the NzdUsd pair is still stopped at position 0.6137. Its position has now flown past the simple...
Shezuka trading discussion On Monday, nzdusd actually still experienced a decline. Even at that time when the candle fell, it had managed to penetrate its lowest support at a price of 0.6056. However, after that nzdusd began to increase after the...
GBP/USD ANALYSIS The weakening outlook of the US Dollar currency was well utilized by buyers to support the rally in the GBPUSD pair. It can be seen that the price is still moving up after successfully passing the Kumo cloud last Tuesday. The price...