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...
The image you provided appears to be a technical analysis chart for a forex pair, EUR/CHF, on a 4-hour timeframe. The chart includes various technical indicators and annotations that suggest a detailed trading strategy. Below is a comprehensive...
WHAT IS SPINNING TOP CANDLESTICK PATTERN The Spinning Top candlestick pattern is a neutral candlestick formation that appears when a stock's or asset's price action is indecisive, indicating a balance between buyers and sellers. It is called a...
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...
Certainly! The EUR/USD currency pair is currently trading at 1.0709, and the prevailing trend appears to be bearish. A bearish trend suggests that sellers are dominating, causing prices to generally decline over time. This can create a slow and...