Negative traders, often known as short sellers, have found a favorable environment due to the recent failure to maintain momentum above the 50-day Simple Moving Average (SMA) and the subsequent decline. The 50-day SMA is a widely observed technical...
The NZDUSD currency pair has been experiencing a process of profit-taking for the second consecutive day. Yesterday, the influx of sellers' orders managed to bring the price back to the day's opening level. However, today, at least before the...
When examining the daily time frame, it becomes apparent that the GBP/JPY currency pair has not yet exhibited any compelling or valid signals. This observation implies that, at present, the price action remains ambiguous, making it challenging to...
The EUR/CHF currency pair continues to exhibit a downward trend, with its price movement indicating a persistent rally towards lower levels. Recently, the pair has been attempting to break through the support level, marked at 0.9633. Despite...
TRADING ANALYSIS OF BITCOIN The situation in the bitcoin market appears to be back under the control of sellers who are trying to encourage the price of bitcoin to move down. What I gathered from the situation of the bitcoin market in the H4...