The provided chart shows the hourly price movement of GOLD (XAU/USD) with a strong uptrend from mid-December to early February. The red moving average (likely a 50-period or 100-period MA) indicates dynamic support, which the price has respected...
A morning star candlestick pattern is a visual cue in technical analysis used by traders to identify potential reversal points in the market. It's considered one of the key signals indicating a bullish reversal following a downward trend. The...
USD/JPY Daily Technical Analysis USD/JPY has been showing Strong bearish momentum since yesterday. The market formed a significant bearish candle on the daily timeframe, and today’s daily candle is also following the same trend, confirming further...
Technical analysis of GBPNZD Today we will do a technical analysis of GBP/NZD. For an idea of the market, it is necessary to do technical analysis, And for this, we take the help of different types of levels and indicators. If we look at the market...
In Wednesday's European session, the pound sterling (GBP) value rises to around 1.2500 about the US dollar. Following US President Donald Trump's decision to postpone tariffs on Canada and Mexico, the US dollar loses risk-premium and gives up its...
