Comprehensive Summary: Essential Trading Terms and Market Structure Concepts 1. Understanding Essential Trading Terms Trading requires a clear understanding of the terminology used to describe price movements, market behavior, and trading...
AUD/USD is quoted slightly higher at 0.7018 in European trade on Friday. The AUD/USD pair advances as the AUD outperforms on strong expectations that the Reserve Bank of Australia (RBA) will raise interest rates this year. Analysts at Commerzbank...
Technical Analysis Gold XAU/USD erases previous gains and returns to $4,030 after hitting fresh three-month lows at $3,986 The sharp decline in US Treasury yields and dwindling hopes of Fed tightening provide some support to precious metals. Oil...
EURUSD TECHNICAL ANALYSIS H1 CHART The EURUSD H1 chart is exhibiting a textbook bearish reversal structure following a failure at a higher timeframe supply zone and the breakdown of a rising trendline that had supported the entire corrective...
Market structure Trend Short term bearish after rejection from the 4031 4033 area Moving average Price is below the red moving average which is turning downward RSI At 41.17 momentum favors sellers but the market is not yet oversold Price action A...
