#CL Oil prices continue to decline, but they cannot go below the $70 level, which is likely to become the turning point after which speculators will sell, pulling prices to the $65 area. The downward movement is likely to continue to reach the...
USDCHF Daily Time Chart Analysis Technical Analysis As can be seen from the daily chart, the USD/CHF pair is currently in a downtrend. A break below the key moving average indicates that the US dollar is weakening against the Swiss franc. Ichimoku...
Trend Reversal Chart Patterns Trend reversal chart patterns signal a potential change in the direction of a prevailing trend. These patterns can indicate a shift from an uptrend to a downtrend (bearish reversal) or from a downtrend to an uptrend...
Definition and Implications Bullish momentum refers to a situation where prices in the market are moving upwards, indicating a strong buying pressure. When bullish momentum is present, it suggests that buyers are dominating the market, leading to a...
AUDUSD Analysis The AUD/USD pair has broken out of the downtrend after a long period of decline. Recently, the price tested the critical resistance at 0.6450 and formed a bullish angle. This suggests that the uptrend is slowing down and a reversal...
