As of Thursday, the AUD/USD pair is trading around 0.6330, within an ascending channel that reflects a bullish market sentiment, providing a positive signal for buyers. The 14-day Relative Strength Index (RSI) is currently above 50, indicating that...
The University of Michigan’s preliminary gauge of US consumer sentiment increased to 74.0 from 71.8, indicating growing optimism among consumers. Additionally, one-year inflation expectations edged up to 2.9% from the previous 2.6%, reflecting...
The hourly chart for the NZDUSD currency pair reveals a strong long-term trend movement, which I can clearly identify through the Moving Average trend indicator set at a period of 120. I notice that the indicator line is positioned below the price,...
The USD/CAD currency pair has experienced consecutive gains over the past two days, yet it remains stable around the 1.4220 mark as Thursday morning unfolds during European trading hours. A technical analysis of the daily chart indicates that the...
GBP/USD Technical Analysis H-4 Chart GBP/USD struggled to maintain its position during the European session on Wednesday, falling slightly on the day to trade around the 1.2600 level. The pair’s technical outlook highlights weakening bullish...
