The gold spot price recently traded around $2,630 per ounce, recovering from the 50-day Simple Moving Average. This increase came after a significant price drop, as traders responded to a market downturn caused by global growth concerns. On Monday,...
Understanding the Basics of Gann Theory Gann Theory is a financial market analysis technique developed by legendary trader W.D. Gann in the early 20th century. Gann’s methods are based on time, price, and geometric angles, which he believed could...
Trade Analysis and Tips for Trading the Japanese Yen The price test at 143.76 coincided with the moment when the MACD indicator started moving upward from the zero mark, confirming the right entry point for buying the dollar. As a result, the pair...
As of September 24, 2024, the USD/JPY currency pair is exhibiting a slow yet bearish trend. The pair has shown signs of weakness due to various market factors, particularly the ongoing pressure from Japan’s struggling manufacturing sector and weak...
Technical Analysis of GBP/USD Last trading week, the pound continued to grow and set new local highs. The price moved above 1.3170 and found key support there, allowing it to extend its gains at 1.3292 and settle above that level after a reverse...