Market Analysis: Buyers Face Challenges NZDUSD Buyers are gaining momentum following the formation of a reversal pattern. However, sellers are exerting pressure on the buyers, resulting in the recent formation of a symmetrical triangle pattern. This indicates that significant volatility is …
Forex Strategies
EURCHF Stuck Below 0.9840 Despite Bullish Momentum
Market Analysis – Price Remains Stuck Below 0.9840 Level EURCHF, amidst a prolonged bullish trajectory, encounters a significant impediment in the form of the resistance level at 0.9840. Despite witnessing a surge in bullish momentum since the beginning of 2024, marked by the currency pair …
Federal Reserve Data Reveals Shift in US Treasury Holdings
Fresh data from the Federal Reserve suggests that Japanese policymakers may have utilized US Treasury holdings to fund interventions aimed at shoring up the beleaguered yen. Central banks' reduction in US securities by $10.6 billion, coupled with a slight increase in funds allocated to the Fed's …
