FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

The New Zealand dollar (NZD) has gained another strong bullish factor as the ANX Commodity Price Index recorded another solid increase in February, rising 3.0% month-on-month (m/m) and 14% year-on-year...

The NZD/USD pair is facing difficulties in its recovery attempts from the 0.5680–0.5675 level. Amid modest U.S. dollar strength and anticipation of U.S. consumer inflation data, spot prices remain under...

If we look at the 4-hour chart of the NZD/USD commodity currency pair, a Divergence appears between the Kiwi price movement and the Stochastic Oscillator indicator, although NZD/USD is currently...

The incomplete short-term bullish wave on the euro's major chart has been forming since the beginning of the month, extending beyond the H4 timeframe. The final (C) wave is currently...

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Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful...

Analysis:The downtrend that began in late summer last year is nearing completion. Since February 3, a counter-trend bullish wave has been forming, signaling a potential reversal. Currently, the price...

Analysis:Since October of last year, the euro's price movement has followed a downward wave algorithm. A counter-correction has been forming since the start of the year, taking the shape...

Today, NZD/USD is attracting buyers, breaking a three-day losing streak. However, its upward potential appears limited. A generally positive tone in equity markets is preventing a stronger U.S. dollar recovery...

Analysis:Since August last year, the major EUR/USD pair has been in a dominant downtrend. The price decline brought quotes to the upper boundary of a potential large-scale reversal zone. Since...