I believe that the recent price movements in the XAUUSD pair are primarily driven by profit-taking, followed by renewed buying interest, which sustains the upward momentum. I observed that on Thursday, the price updated its maximum again, and I...
Currency pair GBPJPY - chart D1. The wave structure here is descending. After the last wave of decline updates the minimum of the previous one, the third wave will go down. The MACD indicator is in the lower sales zone and again becomes below its...
Current Status of WTI Prices and Market Dynamics As of now, West Texas Intermediate (WTI) crude oil prices are hovering above $70.00. However, the market is characterized by caution and uncertainty. Investors are closely monitoring the upcoming...
Money Flow Index (MFI) The Money Flow Index (MFI) is a momentum indicator used in forex and other financial markets to measure buying and selling pressure based on both price and volume. It's similar to the Relative Strength Index (RSI) but...
Piercing line Candlestick Chart Pattern The Piercing Line is a bullish candlestick reversal pattern that appears after a downtrend and signals a potential shift in momentum from bearish to bullish. It consists of two candles: Characteristics of the...
