The article discusses the increase in market breadth indicators for the Nasdaq 100, with more than 50% of component stocks above their 20-day and 50-day moving averages. This positive development is seen as a sign of strength in the index. However, the analysis lacks depth in explaining the significance of these indicators. While it mentions
Technical Analysis
The NZD/USD pair is currently facing a significant downturn, with the pair trading around 0.5996. One of the key factors contributing to this decline is the recent announcement by US President Joe Biden that he will not seek re-election in 2024. This unexpected news has strengthened the US dollar, as Biden endorsed Vice President Kamala
EUR/USD has started a steady increase and has managed to surpass the 1.0910 resistance level. This positive movement indicates a bullish trend for the Euro against the US Dollar. The pair has climbed above key moving averages, such as the 100 simple moving average and the 200 simple moving average on the 4-hour chart. However,