The pair experienced a decline during the North American session, primarily due to weaker-than-expected employment data from the UK, which undermined the Pound Sterling. Consequently, the major currency pair traded at 1.2660, down by 0.11%. This...
The NZD/USD exchange rate currently stands at 0.6134, indicating a bearish trend in the market. This decline reflects a gradual weakening of the New Zealand dollar (NZD) relative to the US dollar (USD). The ongoing bearish trend in the NZD/USD...
Today, I am going to discuss the current state of crude oil prices. As of now, on the D1 chart, crude oil is trading around the 81.62 level. This price point is significant as it reflects a period of relative stability since last week, during which...
What are Harmonic Patterns? Harmonic patterns are specific price formations that adhere to Fibonacci ratios, which are widely used in technical analysis. They are named after geometric structures like butterflies, crabs, bats, and more, each with...
The pair edged lower during the Asian session on Wednesday, trading around the 1.0680 mark. However, it lacks strong follow-through buying. The fundamental backdrop and the technical setup warrant caution before anticipating an extension of the...