On Friday, the NZD/USD currency pair reached approximately the 0.6142 zone, presenting a less-than-ideal situation for buyers. This development signals a potential downturn, leaving traders and investors wary of the current market conditions. For...
Retrace waves in Elliott wave theory Furthermore, wave probes show perpendicular waves as opposed to those occurring in perceptual and perpendicular wave systems. These are the main ones: There are 2 waves and 4 waves in the impulse wave. Wave B is...
The Euro (EUR) took a hit against the US Dollar (USD) last Friday, closing at 1.0820 on the New York Stock Exchange. This decline came after positive US employment data for May surprised analysts. The report revealed a stronger-than-expected labor...
USD/JPY Forecast Good Morning Guys! Last week was not too good for the sellers of USD/JPY. They lost up to 50 pips and raced at 156.78 zone. However, this week have some news events related to JPY MOntary Policy and BOJ's Rate Statement. So, the...
The GBP/USD currency pair has shown remarkable strength recently, capturing the attention of traders and analysts alike. Over the past month, the pair has demonstrated a consistent upward trajectory, culminating in a new two-month high. This...