Bitcoin Technical Analysis 1. Chart Description and Content We have a daily Bitcoin chart that uses the monthly pivot point indicator to identify key support and resistance levels as follows: Monthly Pivot Level: 69755 First Support Level: 63510...
Technical analysis of Crude oil WTI Crude Oil (USOIL) is currently displaying strong bullish momentum after an explosive breakout above the key resistance zone around 100.00–101.00. This level had previously acted as a major supply area, and the...
AUD/USD Post Analysis The AUD/USD currency pair is currently trading around the 0.6890 level on the 4-hour timeframe, showing signs of bearish pressure after a prolonged downward movement. The overall market structure indicates that the pair has...
On the 60‑minute chart, the moving averages present a tightly coiled configuration that signals impending directional movement. The 200‑period Simple Moving Average (SMA) sits at 159.40, while the 50‑period SMA is positioned at 159.45. Price is...
Understanding Leverage in Forex Trading: A Comprehensive Guide Leverage is a fundamental concept in Forex trading that can significantly impact your trading outcomes. In this post, Ill delve into the world of leverage, exploring its benefits,...
