Technical Analysis

In recent weeks, the dollar index has experienced some fluctuations, with short-term profit-taking by sellers before potentially entering a new downward trend. This pressure on the US dollar has been attributed to indications from the Fed regarding progress in reducing inflation. The market response to the Fed’s signals has been significant, with a substantial increase
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The NZD/USD pair has been experiencing a notable downturn, currently trading around 0.5996. This decline is influenced by a variety of factors, including global political developments and domestic monetary policy expectations. The recent announcement by US President Joe Biden that he will not seek re-election in 2024 unexpectedly strengthened the US dollar. Biden’s backing of
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The EUR/USD pair has been showing signs of a steady increase, surpassing the 1.0910 resistance level. This positive momentum has allowed the pair to move into a bullish zone, with key support levels now forming at 1.0870. The pair has tested the 1.0950 resistance zone and is currently correcting gains, with a slight drop below
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Bitcoin prices experienced a resurgence over the weekend, breaking above the $60,000 mark and overcoming several key technical barriers in the process. The recent inflow of $1.04 billion into Bitcoin Spot ETFs underscores the growing confidence among investors in the cryptocurrency market. This influx of capital suggests a potential short-term uptrend in Bitcoin’s price, signaling
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The GBP/USD pair is showing signs of strength as it continues to climb above the 1.2900 resistance level. There is a notable bullish trend line forming with support around 1.2910 on the hourly chart. The British Pound managed to break above key levels, such as the 50-hour simple moving average and 1.2900, indicating a bullish
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