The USD/JPY H1 chart shows a well-defined downtrend over the past month, with price consistently forming lower highs and lower lows. The red moving average, likely a short-term or medium-term moving average, serves as dynamic resistance, with price...
The EUR/USD currency pair has been experiencing fluctuations, attempting to maintain an upward trajectory at the start of the week. However, this initial momentum quickly dissipated, leading the pair to retreat to a critical daily balance point at...
In analyzing the daily chart for the US Dollar/Canadian Dollar (USD/CAD) pair, I observe a clear and significant support zone located between the digital marks of 1.3975 and 1.3863. I believe this zone is crucial for understanding the potential...
XAUUSD Technical Analysis XAUUSD is currently trading around $2897, showing mixed market sentiment across different timeframes. On the H1 chart, the price is testing the 150-period moving average (MA), which is acting as dynamic resistance....
Technical analysis of gold Technical analysis of gold on the 1-hour chart gives a good buying opportunity from the current level. During the previous two trading days, a strong upward wave was formed, then a downward wave and the gold price started...