The chart represents the price movement of gold on the H1 (hourly) timeframe. From the observed data, gold is currently trading in a consolidative phase near the 2635.61 level. Below is a detailed technical breakdown: The gold market shows signs of...
GBP/USD H-4 We open a four-hour chart for the pound/dollar pair and see that a confident downward price channel was previously broken by breaking through its upper border at 1.2550. After the British pound left the southern channel, the pair began...
General points about GBPAUD: Yesterday, the GBPAUD market reached the 1.9523 level, marking a significant support level. The weakness of the British Pound (GBP) throughout the week has been evident, likely driven by subdued economic performance and...
The oil market: Consolidation and the potential for a sharp turn Oil extended its consolidation phase on Thursday, posting a second straight indoor day. Trading activity was muted due to the US Thanksgiving holiday, leading to a tight price range....
GBP / CAD: An hourly Time Frame Recommendation Yesterday, the price of GBPCAD hit the 1.7680 level, signaling that the sellers are strong enough these days to maintain downward pressure on the pair. This level has proven to be significant, and the...
