Common Mistakes to Avoid When Using Fibonacci Retracement 1. The "Recency Bias" in Swing Point Selection Beyond just being inconsistent, traders often pick the most recent swing high/low because it’s visually obvious. This is a mistake because not...
*XAUUSD - 2H Technical Analysis Report | OANDA* *Current Price: $3,976.39 | Change: -$83.94 | -2.07%* *1. PRICE STRUCTURE* Market is *testing the bottom of Descending Channel*. Major Swing: $4,200 high on July 3 → Channel down → Now at channel...
NZDUSD H2 Technical Analysis: Rising Channel, Testing Midline Support. NZDUSD is trading at 0.58428 on the 2-hour chart and remains inside a clear ascending channel. The H2 timeframe shows a strong rally from 0.58054 that pushed price up toward the...
Gold Analysis The XAU/USD currency pair maintains a short-term bearish bias below the 200-day Simple Moving Average (SMA) and inside a larger downward parallel channel. Yet, mixed momentum indicators—a marginally positive Moving Average Convergence...
