Technical Analysis of Gold 1. Chart Description: The attached chart illustrates the price movement of gold on a daily chart. The monthly pivot point indicator was used to identify support and resistance levels. Price channels are used to determine...
For more than a week, I have maintained a bearish outlook on this currency pair, even though many traders still believe the rally will continue. A lot of market participants are expecting the price to return to breakeven levels, while some are even...
EURUSD Market Outlook: An analysis of the EUR/USD price movement is currently under discussion. The analysis clearly shows a convergence pattern forming a wedge at the 1.16257 level. There are three technical support levels above or near this level....
GBPUSD Chart Review: In today's article, we will analyze the price movement of the GBP/USD pair in the forex market. The pair has broken through the descending trendline and reached the upper limit of a wide descending channel on the 1-hour chart,...
Hope you are having a good day. Last week, the US dollar received strong support from the market, mainly driven by rumors surrounding a possible tightening of monetary policy by the Federal Reserve. Although nothing has been officially confirmed...
