GBP/ USD Price Move Let's discuss the current price behavior analysis of the GBP/ USD currency pair. It's crucial to closely watch the 1.3109 level on Monday, as this point will determine whether a correction begins. The difference between 1.3108...
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...
FOREX BEAR INDICATOR The Forex Bear Indicator: A Comprehensive Guide The Forex Bear Indicator is a technical analysis tool used to identify potential bearish trends in the foreign exchange market. It's a powerful indicator that helps traders detect...
Crude Oil Price Outlook The discussion is currently on the analysis of the Crude Oil price behaviour. Yesterday, the pair steadily declined, eventually reaching the lower boundary of this channel. Although it didn't quite touch the target level of...
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...