Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
NZD/USD CURRENCY PAIR ANALYSIS: The NZD/USD pair has been showing some interesting movements lately. I have been keeping a close watch and noted that I am only considering buying if the pair goes below 0.60950. Until that happens, my primary focus...
The British Pound (GBP) weakened against the US Dollar (USD) last Friday, with the GBP/USD pair dropping to around 1.2660. This decline coincided with a rise in the US Dollar Index (DXY), which measures the strength of the USD against a basket of...
This week, the oil trading instrument has demonstrated significant volatility by easily surpassing the previous week's maximum level of 80.60. This upward movement is particularly notable because, during the prior week, the price had been on a...
The Euro is facing a perfect storm of bearish pressure, weakening against the US Dollar and falling below a key support level. This decline comes amid heightened political uncertainty in Europe, particularly in France, where upcoming legislative...