In forex trading, the term "ellipse shape" is not a standard technical term, but can be interpreted in several ways, especially when analyzing price action or chart patterns. Below are some possible interpretations and uses of the ellipse shape in...
USD/ JPY Price Understandings Our conversation will center on analyzing the USD/ JPY currency pair's price action. The USD/ JPY currency pair closed the trading week with an upward momentum, finishing near 146.23. The pair remains in a growth...
Navigating the USD/ JPY Price Action Let's talk about how the USD/ JPY currency pair's price has been behaving and what analysis can be from it. For USD/JPY, the pair closed the day and week above 146.01, marking a modest victory for the bulls....
Crude Oil Price Action Review Let's analyze the crude oil price behavior at present. The price broke away from the trend line, shifted downward, and dropped to the support level of 73.33. From this point, it rebounded, climbing back to the 73.79...
Silver Price Directions The current topic of discussion is the analysis of the Silver price behavior. Friday's news likely triggered the silver drop. The price dipped below the Moving Average (MA) pair on the daily chart, hovering around...