Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:The GBPNZD currency pair reflects the exchange rate between the British Pound (GBP) and the New Zealand Dollar (NZD). Factors that may affect this pair include differences in the economic outlook and monetary policies of the Bank of England and the Reserve Bank of New Zealand, trade relations between the United Kingdom and New Zealand, and global commodity prices, particularly dairy products...
Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:The Euro to New Zealand Dollar (EURNZD) exchange rate is influenced by a variety of economic factors from both the Eurozone and New Zealand. The Eurozone’s performance is tracked through interest rate decisions by the European Central Bank, GDP growth rates, inflation, and the region's political stability and economic recovery. In New Zealand, an export-driven economy, commodity prices, especially for dairy and...
Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:The GBPAUD pair represents the exchange rate between the British Pound (GBP) and the Australian Dollar (AUD). Factors affecting this currency pair often include economic indicators from both the UK and Australia, such as interest rate decisions, GDP growth rates, employment changes, and trade balances. Additionally, global commodity prices, particularly metal and mineral markets, significantly impact the AUD due to Australia's large...
Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:The ETHUSD pair reflects the exchange rate between Ethereum (ETH) and the US Dollar (USD). Fundamental factors that influence this cryptocurrency pair include technological developments within the Ethereum blockchain, regulatory news impacting cryptocurrencies, and the broader economic sentiment influencing the US Dollar. Investor sentiment around Ethereum's network upgrades, such as the transition to Ethereum 2.0, along with the US monetary policy and...
Dear Clients, We are thrilled to announce a major upgrade to our trading platforms – MetaTrader 5 (MT5)! being added to the broker Starting Monday, November 13th, 2023, you will have the opportunity to trade with enhanced features and capabilities through MT5 at FXGlory. What's New with MT5? MetaTrader 5 is a cutting-edge trading platform designed to take your trading experience to the next level. With MT5, you'll have access to a wide...
Dear Clients, We hope this message finds you well. We are excited to share some significant updates regarding our trading platform and account types, aimed at enhancing your trading experience. Removal of CIP Account Type:We have made the decision to remove the CIP account type from our offerings. This change is part of our ongoing efforts to streamline our account types and provide a more efficient trading environment. Premium Account Spread Adjustment:We have...
Time Zone: GMT +2Time Frame: 4 Hours (H4) Fundamental Analysis:The GBPAUD currency pair represents the exchange rate between the British Pound and the Australian Dollar. Key determinants of this pair include monetary policy decisions from both the Bank of England (BoE) and the Reserve Bank of Australia (RBA). Additionally, trade relations, geopolitical events, and major economic indicators, such as employment statistics and inflation rates from both nations, significantly influence the pair's...
Fundamental Analysis:The EUR/USD pair exhibits signs of bearish momentum, as underscored by a number of technical and fundamental indicators. The Relative Strength Index (RSI) stands at 45.15, approaching the oversold territory but not quite there yet, suggesting there might be more room for downward movement. The Ichimoku Cloud has turned red, which typically indicates a bearish trend. Furthermore, the price candles are currently inside this cloud, suggesting a period of...
Fundamental Analysis:The EUR/USD pair exhibits signs of bearish momentum, as underscored by a number of technical and fundamental indicators. The Relative Strength Index (RSI) stands at 45.15, approaching the oversold territory but not quite there yet, suggesting there might be more room for downward movement. The Ichimoku Cloud has turned red, which typically indicates a bearish trend. Furthermore, the price candles are currently inside this cloud, suggesting a period of...
The EURJPY 4H chart shows signs of market consolidation within the Bollinger Bands. The currency pair has been oscillating between the upper and lower bands, indicating periods of volatility followed by stabilization. Notably, the Parabolic SAR dots, initially above the price candles suggesting a bearish trend, have recently moved below them, hinting at a possible bullish reversal. However, the proximity of the price candles to the middle Bollinger Band indicates...
