## EUR/USD Hourly Chart Analysis ### Introduction The EUR/USD currency pair, which represents the exchange rate between the Euro (EUR) and the United States Dollar (USD), is one of the most traded pairs in the forex market. Traders often rely on a...
NZD/USD/H1/0.6139 Hello all, The New Zealand Dollar (NZD) is experiencing significant selling pressure against the US Dollar (USD), with the NZD/USD pair struggling to stay above its key 20-day simple moving average (SMA). This crucial support level...
The current price being below the Moving Average (MA) validates our assumption regarding market trends. The Moving Average Convergence Divergence (MACD) indicator, however, does not yet signal a sell for this currency pair. We are patiently awaiting...
The weakening of the US dollar allowed gold prices to rebound, reaching a resistance level of $2,344 per ounce at the time of writing, the highest in two weeks. This rise was halted as traders awaited more US economic data and statements from...
USD/CHF daily D1 chart Moreover, market sentiment and technical factors also currency pair movements. Technical analysis tools, such as moving averages, support and resistance levels, and trend lines, can provide traders with insights into potential...