The gold market continued its upward trajectory on Friday, surpassing $2,530 after a brief dip from its recent high of $2,532. This rally coincided with a decline in the US dollar index, which gave up its earlier gains following news of an attempted...
USD/CAD H4 chart I am presently dissecting the dynamic pricing behavior of the USD/ CAD currency pair. Based on my analysis, I continue to sell USD/CAD. Yesterday, I mentioned that the price hovered at the 61.8% Fibonacci retracement level and had...
EUR/USD D1 chart The EUR/ USD currency pair. The EUR/USD price chart currently suggests that selling might be viable if the price declines. However, if the price rises, a buy position could be worth considering. Everyone has their views, so there's...
USD/CHF weekly chart I am examining the dynamic pricing behavior of the USD/ CHF currency pair in real time. This week, the bullish momentum in the USD/CHF pair saw a notable correction, with the pair climbing approximately 241 points. However, this...
To plot a Fibonacci retracement on a chart, follow these steps: Identify the trend: Find out if the market is in an uptrend or a downtrend. Fibonacci retracement levels are applied to both uptrends and downtrends. Identify Swing High and Swing Low:...