Gold surged on Thursday, breaking new record territory. After opening the day with support around the 20-day moving average (MA), the metal broke out of a tight three-week consolidation pattern and hit a new all-time high of 2,559 (at the time of...
A symmetrical triangle chart pattern primarily symbolizes a volatility contraction in the market. In other words, the is slowly shrinking and may soon break out or break down. This pattern is observed when a share’s price is consolidating in a...
THE CURRENCY PAIR AUD/CAD The configuration of the Heiken Ashi candles, together with the signals of the TMA (triangular moving average) and RSI indicators for the selected currency pair or instrument, makes it possible to conclude that the turn of...
EUR-USD D1 ANALYSIS CHART The second half of yesterday's trade was occupied by buyers of the Euro; this morning, they are continuing to push the price higher and have already erased three days of losses. Let's see how high they can go. The price...
The EUR/USD pair showed no desire to move on Thursday. Volatility barely exceeded 40 pips. And this was on the day of the European Central Bank meeting and Christine Lagarde's speech. And on the day when the ECB lowered key interest rates for the...