Domestic economic data in New Zealand presented a mixed outlook, with the Business NZ Performance of Services Index (PSI) falling to 49.1 in February, down from 50.4. This decline signals a return to contraction in the services sector, highlighting...
A forex cycle line is a tool used in technical analysis to identify and predict market cycles, trends and potential turning points. It helps traders visualize the cyclical nature of price movements, making it easier to understand when the market is...
Silent Points about GBPUSD: The GBPUSD market has been consistently moving downward, a contrast to the upward movement seen in EURUSD. This divergence is intriguing, as it indicates differing market forces affecting both currency pairs. A key factor...
The US dollar continued to decrease against the Japanese yen, with the couple now around the critical level of 145.00. This price has historically acted as support and resistance, so it is a significant psychological and technical area that many...
The EURCAD currency pair has been trending upwards for six consecutive days, showing a strong upward trend as market sentiment shifts in favor of the euro amid escalating global trade tensions. The latest catalyst was President Trump’s announcement...
