The price of gold (XAU/USD) rose 0.5% to $2,620 on Thursday, following a volatile reaction to the release of US inflation and employment data. While the inflation data showed upward pressure on prices, the weaker-than-expected labor market data...
USD / JPY: An hourly time frame recommendation The current price of USDJPY hanging around the 148.80 level. It dropped from 149.33 level yesterday due to the negative news data from the United States Financial Department. Today, the sellers of...
Hook reversal candlestick pattern in forex trading. The Hook pattern in technical analysis is a candlestick formation characterised by a unique hook-like structure. It reflects a potential shift in market sentiment, signalling the end of a...
### NZD/USD Analysis: Bearish Outlook and Key Resistance Levels The first significant resistance level that could halt the NZD/USD price is near 0.6200. If the price breaks above this level, it would signal a potential recovery for the pair. The...
In the current market landscape, the potential for a southward reversal has emerged as a significant consideration for traders and investors alike. This scenario highlights the importance of key support levels, particularly the 1.0740 mark, which...