Support and Resistance: The Foundation of Forex Trading The Core Idea At its simplest, Support is a price level where a falling market tends to find buying interest, stopping the decline and potentially reversing it upwards. Resistance is a price...
*WTI Crude Oil 2-Hour Chart Analysis: $91.46* Oil recovering. $91.46, +1.35% after dropping to $88. 2h chart shows $88 held, now testing $92-$94 supply. Price Structure Jun 1-4: Lower highs $96 → $90. Broke $92 support, tested $88. Jun 5-8: V-bounce...
Technical and Fundamental Analysis of the Silver XAG/USD Silver prices extended their decline for a second consecutive session on Monday, with XAG/USD slipping toward the $67.00 region during European trading hours. The precious metal remains under...
Based on my analysis of the USD/JPY weekly chart, the overall market structure continues to favor the upside. The wave pattern remains bullish, and the MACD indicator is still positioned in the upper buying zone, suggesting that long-term momentum...
Based on my analysis of the AUD/CAD currency pair on the hourly chart, the market continues to exhibit a clear bearish trend. The overall technical structure favors sellers, and several indicators suggest that downward momentum remains dominant. For...
