On the 1‑hour timeframe, the moving averages present a strongly bullish configuration following the breakout above key resistance levels. The 200‑period Simple Moving Average (SMA) sits at 1.1535, while the 50‑period SMA is positioned at 1.1565....
i see the GBP/USD pair is currently moving through an interesting technical phase where the market appears to be transitioning from a corrective structure into a potential recovery attempt. After examining the daily chart closely, I believe the pair...
i see the Gold (XAUUSD) daily chart currently reflects a market that has transitioned from a strong bullish phase into a broader corrective structure, but it is now attempting to regain upward momentum. Looking at the price behavior over the past...
USDCAD USD/CAD today is trading in a choppy but slightly bullish-to-neutral structure, with the pair reacting strongly to two main forces: US dollar strength and oil price movement, which directly impacts the Canadian dollar. Right now, the market...
Use of RSI indicator in volatile market condition Using the RSI (Relative Strength Index) in a volatile market requires a slightly different approach than in normal conditions. Many traders fail with RSI because they use it in a basic way—buying at...
