Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
Daily time frame chart outlook: The AUDUSD price activities were generally in a bullish trend earlier, but they tested the overbought level, which is why the price fell in response to the adjustment. The price has been moving in a descending channel...
NZD/USD CURRENCY PAIR ANALYSIS: The NZD/USD pair has been showing some interesting movements lately. I have been keeping a close watch and noted that I am only considering buying if the pair goes below 0.60950. Until that happens, my primary focus...
Good day, everyone! The downward slope of the linear regression channel indicates the strength of the sellers, who are aiming for the 2313.63 level. Movement is likely to slow down at this target level. Due to the weakening caused by the current...
Yesterday, the EUR/USD saw a minor pullback southward before reversing and confidently pushing north, forming a full bullish candle. This candle, with its northern shadow, managed to update the high of the previous daily range. I believe that the...