Crude oil prices continue to decline as market sentiment weakens. OPEC+ has announced plans to roll back production cuts implemented in 2023 to address supply constraints and raise prices. This follows a period of low supply, reflected in declining...
NZD/USD H4 Observing the market, we can see that the United States Dollar has become quite strong. As a result, the NZDUSD market has dropped significantly and is currently at the 0.6104 level. This bearish trend is encouraging for sellers as they...
Technical analysis of the GBPUSD pair 1-hour chart For two previous trading days, the trend was down, and therefore trading was opened today within price channels with a downward trend. The price has moved in a sideways direction so far, and we...
Yesterday's trading was bullish until the middle lines of the price channels were touched, which led to the price falling and closing again below the red channel. When we follow the price movement during the previous two weeks, we will find that the...
Technical analysis of the AUDUSD pair 4-hour chart Over the past weeks, the price has moved in a sideways direction as we see on the chart. During the previous week, the price trended upward in a strong upward wave, but in the middle of the week,...