The AUD/USD pair has been trading within a range, and my analysis anticipates a decline toward the support level of 0.65209. This level historically provides a strong base, making it a crucial point for setting take profit targets. By aiming for...
GBP/CHF M15 Time Frame Analysis On the M15 chart, the linear regression channel indicates a strong buying power, which is on the rise. The steeper the angle of inclination of the channel, the more pronounced the buyer activity becomes. Bulls are...
GOLD ANALYSIS Tuesday 13 August 2024 D1 period chart - GOLD trading instrument. The wave structure here is still built in an ascending order, the MACD indicator is in the upper purchase zone and above its signal line. Last week, in the first half,...
Understanding the Matching High Candlestick Pattern The Matching High candlestick pattern is a significant indicator used in technical analysis to forecast potential price reversals in financial markets. This pattern emerges during an uptrend and...
In my morning forecast, I highlighted the 1.2800 level and planned to base my trading decisions on it. Let's review the 5-minute chart to see what happened. The rise and the formation of a false breakout at 1.2800 led to a selling point for the...