On the H1 chart, the current movement of NZD/USD is very strong and is heading towards the upper savings line. This level is a significant resistance point, and the price will have to struggle a lot to reach this level. If the price successfully...
GBP/USD Technical Analysis Throughout the week, the market has traded inside price channels, including one that was sideways in the red direction. This thorough analysis indicates that the price is looking for further declines with the possibility...
#OIL-USD Crude oil prices have experienced a sharp and sudden drop since the start of the week. This was a result of the OPEC+ meeting, where new policies were implemented regarding voluntary production cuts for its members. The price decline has...
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Parabolic Sar in classic analysis In classical technical analysis, one popular tool used to determine trend direction is the Parabolic SAR, or Stop and Reverse, indicator. This indicator was developed by Welles Wilder and is used to identify...