Currently, the AUD/USD currency pair is experiencing a consolidation phase within a broader downtrend. This stage typically occurs when the market moves sideways within a specific range, lacking clear upward or downward momentum. Despite the...
It should be noted that the situation with the NZDUSD pair remains quite complex for me. Although fundamentally nothing has changed with the pair because we continue to trade within the same range, below 0.60. However, we still have an upward...
Market Analysis of CADCHF - April 26, 2025 Last weekend, the CADCHF currency pair maintained its upward momentum, rebounding from a new demand zone between 0.58939 and 0.58240. Despite a brief correction during the week, the overall trend remains...
WTI Crude Oil Showing Signs of Consolidation The 4-hour chart for WTI Crude Oil presents an interesting picture of potential consolidation following a period of volatility. Currently trading at $61.71186, showing a modest increase of +0.04264...
Technical analysts primarily use price charts to visualize and interpret historical price movements. The most common types of charts are line charts, bar charts, and candlestick charts.Support and Resistance: Traders identify support levels (where...
