I observe the current market behavior in XAU/USD as a fascinating interplay of technical patterns, trader psychology, and institutional maneuvers. Over the past week, the price action has been volatile, yet inconclusive, with gold failing to...
The USD/JPY daily chart showcases a strong uptrend, with prices oscillating around key support and resistance levels. The price recently tested the 152.30 region, a historically significant level that could serve as a pivotal support or resistance...
Money Flow Index The Money Flow Index (MFI) is a momentum indicator used in technical analysis that measures the flow of money into and out of a security, such as a forex pair, over a specified period. It is similar to the Relative Strength Index...
Currency pair EURJPY - Chart D1. Here, the wave structure is descending. After the last wave of decline updates the minimum of the previous one, the third wave will go down. The MACD indicator is in the lower sales zone, but so far during the...
The NZD/USD H1 chart is displaying strong bullish momentum, with the price currently at 0.5726 following a significant upward push. The market has broken above key resistance levels, confirming strong buying interest. The overall trend is...
