Technical Analysis of Gold The technical analysis of gold on the 4-hour chart shows the beginning of an upward wave for gold. The price of gold started trading inside the triangle marked in white, which is the common area between the price channels...
Crude Oil Technical Analysis The crude oil market price was a downtrend, and the market structure supported the decline. However, the structure has been broken, and prices have moved upwards. Currently, the market is re-establishing the structural...
Current indicators confirm the gloomy forecast. The RSI is currently at 37.80, indicating weak buying power. The market is approaching a selling peak, but there are no clear signs of a trend reversal yet. Meanwhile, the Stochastic Oscillator is...
I wouldn't consider selling at your level. I have also drawn a Fibonacci retracement, and at 1.2655, there is a key hourly resistance level at 61.8%. However, if GBP/USD reaches that point, I will likely wait for a breakout rather than sell. I have...
Analysis of USDJPY: A Look at Current Trends and Predictions Introduction As traders and investors engage with the USDJPY currency pair, it's essential to analyze the current market situation and forecast potential movements. With the recent...
