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Gold trades back and forth in the past few sessions Price fails to claim 50-day SMA and restrictive trendline Momentum indicators are neutral-to-bullish Gold has been under pressure lately following its break below the 50-day simple moving average (SMA). Although the price managed to find its feet at the lower end of the Ichimoku cloud, it has […]

The post Gold Battles with Descending Trendline appeared first on Action Forex.

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19/02/2024

NZD: The Week Ahead

Commerzbank’s analysis suggests a brighter outlook for the New Zealand Dollar (NZD) in the coming months despite recent downward pressure. Factors like broader U.S. Dollar strength and domestic issues have kept the NZD below last year’s highs. However, robust labor markets in both New Zealand and Australia and an expected stabilization of Chinese economic growth […]
22/04/2024

Brent Crude Dips to Four-Week Low Amid Easing Geopolitical Tensions

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02/05/2024

First Cut by Fed is September at the Earliest

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