What Is a Symmetrical Triangle Pattern? As a technical analysis technique for trading, symmetrical triangle patterns may be used to spot future price breakouts and trend changes. This pattern is assembled by two converging trend lines, with one...
Gold surged on Thursday, breaking new record territory. After opening the day with support around the 20-day moving average (MA), the metal broke out of a tight three-week consolidation pattern and hit a new all-time high of 2,559 (at the time of...
EUR/CHF PAIR Analysis Observing the price movement of the EUR/CHF pair which is consolidating around the EMA 50, it appears to be between the pivot point (PP) 0.9408 and the resistance (R1) 0.9465. If the price will continue the downward rally in...
The EUR/USD pair is currently trading around the 1.0950 level, and the prevailing trend is bearish. This indicates that the market is moving slowly and may be experiencing a period of consolidation or minor declines. Despite the current bearish...
GBP/CAD Daily Time Frame The current growth wave has updated the maximum of the previous growth wave, the MACD indicator is growing in the upper buy zone and above its signal line. The price also consolidated above the main horizontal...