BilalForex

Multiple factors undoubtedly influence the current global economic landscape and face new risks. From the situation in the past few years, there are several factors as follows： 1. The impact of global inflation Since 2021, global inflation has been greatly affected by rising commodity prices and ene

A symmetrical triangle has been forming on the daily chart since the second half of May as a result of two converging trend lines. Furthermore, bulls should be cautious given the recent repeated failures above the 100-day Simple Moving Average (SMA). Therefore, it would be prudent to wait for some f

The Bias is downtrend but already created a new highs and lows would it break the zone and continue the new trend or it will respect the zone and just bounce to create corrections. This pair already created a lot of impulse movement and now around the supply zone filling the order imbalance. We have

On the H4 time frame, prices are approaching the resistance zone at 0.5810, in line with the 38.2% Fibonacci retracement and 61.8% Fibonacci extension. This resistance zone is also a graphical support-turned-resistance zone that has been respected multiple times. A pullback to this resistance zone a

On the H4, with the MACD histograms under zero and DIF crossing below the signal line, we have a bearish bias that the price may drop from the sell entry at 0.63444, which is in line with the 78.6% Fibonacci retracement and pullback support to the take profit at 0.62696, which is in line with the 50

On the H4, with price recently breaking the descending trend channel and moving above the ichimoku cloud, we have a bullish bias that price will continue to rise If price breaks the resistance at the 1st resistance at 0.69134 at the overlap resistance in line with the 61.8% Fibonacci retracement and

At 2.00 am ET Thursday, Destatis has released German foreign trade figures. The euro changed little against its major counterparts following the data The euro was trading at 124.77 against the yen, 1.0790 against the franc, 0.9007 against the pound and 1.1773 against the greenback around 2:03 am ET.

Australia's central bank retained its benchmark interest rate at a historic low and quantitative easing unchanged as expected ahead of the federal budget announcement later today. The board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain cash rate and the targeted yield on

The coronavirus alert level in Auckland will be brought down to Level 1, in line with the rest of the country. NZD and AUD are both gaining a little ground as Asai gets more active, sentiment has been getting a boost from a few directions on the session - Trump news is positive.