The price action for this week's trading commenced with a notable upward gap, a promising indicator for bullish sentiment. However, shortly after, it retraced to close the gap, demonstrating a potential shift in momentum. Despite this initial...
The Australian dollar (AUD) took a hit on Friday, falling to 0.6660 against the US dollar (USD) as investors awaited the release of the key US Non-Farm Payrolls (NFP) report. This report is expected to significantly influence market expectations for...
NZD/USD The price has successfully broken out of the rising red channel. Currently, it is trading within two distinct channels: a bullish red channel representing the price movement from the previous month and a bearish blue channel representing the...
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EUR/USD: The EUR/USD currency pair has been showing significant movement in recent trading sessions, presenting a strong sell signal based on both daily and half-hour charts. Let’s delve deeper into the technical analysis to understand the current...