The Three Tops pattern is a bearish reversal chart formation used in technical analysis. It signals that an uptrend may be coming to an end and a downtrend could follow. Here’s a breakdown of its key components and how traders might interpret it:...
Technical analysis. AUD/USD D-1 Hello, colleagues. Today there is a southward movement for the pair at the moment. On the daily chart, there has been a sideways movement for the pair lately. I wonder if the sideways movement will continue or if we...
Canadian Prime Minister Justin Trudeau recently announced his resignation, stating that he would step down once a new leader of the ruling Liberal Party is chosen. This development could set the stage for a Canadian election, which is expected to...
I began my analysis of USD/CAD this morning by focusing on the hourly timeframe, where I observed a prolonged consolidation phase. I noted that the price tested the 200-period moving average (MA) from below, which initially led me to anticipate a...
I observe that the NZD/USD pair has shown notable upward momentum recently, aligning with key levels established since late January. I note that the price remains above the senior moving average, currently positioned at 0.5825, which reinforces my...
