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 New Zealand dollar (NZD) faced off against the US dollar (USD) within a trading range during Friday's European session. This tug-of-war unfolded despite a backdrop of generally positive sentiment for the NZD. On one hand, the RBNZ is expected to...
First, if the price breaks below the 168.02 level, it indicates that the sellers have gained control, and further decline is expected. This level acts as a critical support, and breaking it suggests that the market sentiment has turned bearish....
We can notice the effect of the US Non-Farm and Average Hourly Earnings rate on the USD/CHF pair. After the release of this news, the market of USD/CHF bounced up and reached around the 0.8970 zone yesterday. This movement indicates that the buyers...
USD/CHF Weekly Forecast Greetings and Good Morning guys! Friday was a bad day for the USD/CHF sellers also. They lost up to 50 pips. And, we say an uptrend scenario on the market. It successfully crossed the 0.8967. So, to further solidify our...