Crude Oil 4-Hour Analysis: The price of WTI oil is now at 102.77. As we can see, the resistance level crossed the bridge with a 100-day simple moving average at 103.09 after breaking through the upward and descending comeback in the preceding weeks....
Understanding Market Structure: Identifying Uptrend and Downtrends Market structure is a fundamental concept in technical analysis that helps traders understand the direction of price ,movement. By identifying uptrends and downtrends, traders can...
Good morning! Yesterday, the sellers of the USD/JPY currency pair finally managed to push the price down to the round level of 157, even piercing it slightly. This triggered a reaction, which allowed me to enter a long position at 157.023, just as I...
WTI Crude Oil H1 Technical Outlook Near 102.77 West Texas Intermediate crude oil continues to trade with a constructive bias on the hourly chart around the 102.77 level after a strong recovery from the October 21 lows near 97. The recent advance...
GBP/USD H1 Technical Outlook Market snapshot: GBP/USD closed the week near 1.3387, after a volatile swing that took it from the 1.3270s to above 1.3430 in a few sessions. With the market closed for the weekend, this is the setup traders will inherit...
