Uncategorized

Share: NZD/USD prints the biggest daily loss in two weeks, so far. Convergence of 21-DMA, monthly…

Gold, XAU/USD – Price Action:XAU/USD has fallen below key support.Hawkish central bank rhetoric and improving risk sentiment weigh on gold.To what extent XAU/USD could fall? Recommended by Manish Jaradi How to…

Missed the neckline breakout on AUD/CHF? If you’re still bullish on this one, make sure you check out this ongoing retest! As you can see from the 4-hour chart below, the pair is back down to the former neckline of its double bottom…

Share: AUD/USD drifts lower for the second straight day and drops to a two-week low on Friday. A…

Market RecapFed Chair Jerome Powell reiterated his hawkish tone in his testimony to the Senate Banking Committee overnight, but Wall Street seems to be taking it in stride this time (DJIA -0.01%; S&P 500 +0.37%; Nasdaq +0.95%), with…

Share: EUR/USD struggles to extend the previous day’s pullback from seven-week high, sidelined of late.…

GBP/USD Prices, Charts, and AnalysisUK Bank Rate hiked by 50 basis points to 5%.BoE will hike further if inflationary pressures persist. Recommended by Nick Cawley How to Trade GBP/USD The Bank of England…

Share: GBP/USD experiences dip, shedding 0.17% following BoE’s surprise 50 bps rate hike. Technicals…

Gold Prices Still Struggling, BoE Shows Global Rates Have Further to RiseIt’s clear that rate rises are far from over, either outside the US or within.The Bank of England has just provided clear evidence that central banks have work to do.…

Most forex traders, irrespective of their trading skill levels, prefer using SMA because of its simplicity and ease of understanding. Using the indicator tool involves dividing the accumulated total of data points over a set…