Technical Analysis

The Australian Dollar (AUD) and New Zealand Dollar (NZD) have recently emerged from a period of stagnation, showing promising signs of recovery against the US Dollar. After finding significant support at 0.6370 for AUD/USD and consolidating above 0.5915 for NZD/USD, traders are keenly watching the charts for potential upward movements. This analysis not only provides
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Gold has always been a barometer of both economic stability and uncertainty, and present circumstances certainly check both boxes. The XAU/USD chart indicates a significant uptick in the Average True Range (ATR), a technical indicator often used to gauge market volatility. As tensions escalate between India and Pakistan, traders are witnessing a surge in market
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In the ever-evolving world of forex trading, the USD/JPY exchange rate finds itself at a pivotal moment, having marked a notable correction after two days of decline. On Tuesday, trading revolved around the figure of 143.78, highlighting the subdued atmosphere surrounding this currency pair. Recent optimism over US-China trade negotiations has bolstered the dollar’s strength,
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In the ever-changing landscape of commodities trading, gold, a traditional safe haven asset, is currently under pressure. After peaking at approximately $3,350, gold prices have experienced a notable downturn, slipping below crucial support levels and signaling bearish sentiments in the market. The emergence of a significant bearish trend line has introduced resistance at the $3,270
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The GBP/USD currency pair has been a focal point for traders, showcasing volatile movements and significant price action recently. After peaking around 1.3443, it has shown a downturn, indicating a possible bearish sentiment enveloping the British Pound against the US Dollar. This downturn began post-1.3400, where the market demonstrated clear signs of resistance and subsequent
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The USD/JPY currency pair is demonstrating a cautious upward trend, recently hitting levels around 142.48 for the second day in a row. This movement, however, is occurring in the context of disappointing economic indicators emerging from Japan. Data released in March shows a significant decline in industrial production, combined with weaker-than-expected retail sales growth, which
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