The Spinning Top candlestick pattern is a type of candlestick that signifies indecision in the market. It is characterized by a small real body (the difference between the opening and closing prices) and long upper and lower shadows (wicks). This...
Gold (XAU/USD) has shown strong movement in the market recently, and understanding its potential resistance and support levels is crucial for traders. Let's break down the significant barriers and targets for XAU/USD. Firstly, we need to focus on...
Winning in Forex: USD/ CHF We analyse the live dynamics of the pricing movements of the USD/ CHF currency pair. The USD/CHF pair trades below the resistance level of 0.894, indicating a downward trend. Currently, the price is around the local level...
USD/CAD: The Canadian dollar exhibited a mixed performance by the end of the week, clawing back some ground against most major currencies but showing only minimal gains against the US dollar. This behavior reflected the overall cautious sentiment in...
In the past month, the NZD/USD currency pair has shown significant bearish tendencies, with sellers making a concerted effort to dominate the market. The price has been pushed down to the 0.6094 area, which marks a notable shift from the preceding...