Goldrice Action Patterns Our topic of discussion is the analysis of the Gold price movements. The current weekly candle failed to surpass the high of the previous week's candle and immediately moved downward from the opening. That indicates that the...
This pattern signifies periods of consolidation, where the price moves within a defined range, reflecting a balance between buyers and sellers. Channels can be ascending, descending, or horizontal, depending on the direction of the overall trend....
GBPUSD Have a nice day, everyone! Let's look at the M15 chart. It shows a linear regression channel, which indicates the strength of buyers and the movement of an upward trend. The market is moving to the upper border of the channel to the level of...
Good Evening. For the Pound, buyers are trying to return the price to the consolidation area, preventing sellers from actively developing a decline after breaking through the lower border at 1.26738. And now, in order to see an active downward fall,...
Analysis of NZD/USD pair The NZD/USD currency pair has shown significant gains in the weekly time frame. In fact, the pair broke a key resistance level of 0.61669. This breakout triggered further upward momentum taking the price to 0.61971....