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 has been rejected...
The NZD/USD currency pair experienced minimal fluctuations throughout the day session, showing only slight movement. Throughout the trading day, the pair remained confined within a narrow range, hovering close to the opening levels for the week....
The AUD/USD currency pair, currently hovering around 0.6671, has been showing a bearish trend. This movement suggests a downtrend, with the Australian dollar weakening against the US dollar. Despite this recent downward pressure, various factors...
The Baby Swallow pattern, also known as the Bullish Engulfing pattern, is an important candlestick indicator of the potential to turn from a downtrend to an uptrend in the forex market Here is a brief guide to recognizing and following this...
The daily chart for gold has at the beginning of a new trading month and the approaching annual close. The chart shows rising price channels, indicating an upward trend in gold’s movement over the previous two months. The monthly levels of the pivot...