The stochastic curve is also moving in a bearish direction, indicating that the trend is bearish. Given the gap between the open price and the resistance level of the SMA5, the price may correct to this dynamic resistance level before continuing its...
Bulls have taken advantage of the 2345 resistance level and are now re-entering the market. Over the past three days, gold prices have made a timid attempt to strengthen, which is not surprising given the sharp drop observed on Thursday and Friday....
A linear regression channel is a technical analysis tool used to identify trends and potential turning points in forex trading. It consists of three lines: the middle linear regression line, the upper channel line, and the lower channel line. This...
The AUD/CHF currency pair, currently at 0.6045, is experiencing a bearish trend. The market has been moving slowly, but there are indications that significant movement may be on the horizon. In this analysis, we will delve into the factors that...
Bitcoin (BTC/USD) has recently shown promising signs of a bullish trend, rebounding from a five-month low of $53,444 last Friday. At the time of writing, Bitcoin is trading slightly above the $57,000 mark, reflecting growing investor confidence and...