The NZDUSD price was forced to decline after facing solid resistance at 0.6300$, waiting to gather positive momentum that push the price to rise again, reminding you that our next target is located at 0.6368. Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that breaking…
The AUDUSD price shows more bullish bias and attempt to confirm breaching 0.6800$ barrier, noticing that stochastic gains the positive momentum gradually, waiting to motivate the price to achieve more rise and head towards our main expected target at 0.6870$. The EMA50 keeps supporting the expected bullish wave, which will remain valid unless breaking 0.6728$…
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Daily Pivots: (S1) 0.8399; (P) 0.8417; (R1) 0.8430; More…. EUR/GBP’s fall from 0.8624 is still in progress and intraday bias stays on the downside for retesting 0.8382 low. Strong support could be seen from there to bring rebound on first attempt. Above 0.8449 minor resistance will turn intraday bias neutral first. But risk will stay…
After getting rejected on its long-term range resistance, EUR/NZD now seems to have its sights set back on testing support. Will the floor hold again? Take a look at these inflection points I’m watching on the daily time frame: EUR/NZD Daily Forex Chart by TradingView A combination of risk-on flows and relatively upbeat data from…
The DMA (Displaced Moving Average) combined with Buy Sell Volume analysis has emerged as a potent strategy in the dynamic world of Forex trading. This approach integrates advanced technical analysis with real-time market data, offering traders enhanced insights into market trends and strategic trading opportunities. Unlike traditional moving averages, DMA allows traders to adjust the…
The Givonly SnR SnD MT5 Indicator stands for Supply and Demand (SnD) and Support and Resistance (SnR). It’s a technical analysis tool designed specifically for the MetaTrader 5 (MT5) platform, a popular choice among forex traders. This nifty indicator simplifies the process of identifying key price levels within the market by visually depicting both SnD…
Prio rmonth -17.0% revised from -13.8%) Building consents for July 26.2% The bounce back gain is the largets since May 2020. Last months decline was the largest since February 2021. Looking at the history, the ups-and-downs are pretty evident. “A higher number of working days contributed to the increase in homes consented in July 2024…
Gold prices climb despite upbeat US Q2 GDP revision and drop in unemployment claims. Despite rising US Treasury yields (10-year at 3.86%) and DXY up 0.33% to 101.38, Gold’s upward trend continues. Focus shifts to upcoming core PCE data, expected to slightly increase, potentially impacting Fed decisions. CME FedWatch Tool shows 65.5% likelihood of a…
MARKET REPORT(Unburdened by what has been) Amsterdam Bourse Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– GE Inflation UNDER– MoM Exp +0.2% Act -0.1%– YoY Exp +2.2% Act +1.9% – US GDP QoQ Exp +2.8% Act +3.0%: – Entirely on the back of personal…