What is a Bullish Rectangle Chart Pattern? Number 1: Resistance line Number 2: Support line From the above chart we can see the following: In a strong downtrend, the price falls and then stabilizes between support and resistance levels. A bullish...
Hello. Today, with the start of trading, buyers for the Euro continued to actively move the price upwards quite further, and apparently will try to reach the current level at 1.10466 today. If, as a result of this breakthrough, it is possible to...
Shark Harmonic Pattern The Shark Harmonic Pattern is a five-point reversal pattern that helps traders identify potential reversal zones. It is characterized by specific Fibonacci ratios that distinguish it from other harmonic patterns. The Shark...
EUR-JPY PAIR FORECAST By understanding the condition of the EURJPY currency pair since the end of last week, it is clear that it is still dominated by sellers where the price started the early week movement with bullish and at the end of the week...
GBP/USD Forecast: Attempt to break through psychological resistance The GBP/USD exchange rate rose to a new high in a week on Friday, breaking through some key levels and bringing the long-term recovery trend on the chart back into focus. GBP/USD...