The chart provided is an Elliott Wave Forecast for the EUR/NZD currency pair on a 240-minute (4-hour) timeframe. The chart illustrates a bullish sequence based on Elliott Wave theory, indicating potential future price movements. Here is a detailed...
Gold (XAU/USD) has shown strong movement in the market recently, and understanding its potential resistance and support levels is crucial for traders. Let's break down the significant barriers and targets for XAU/USD. Firstly, we need to focus on...
Since late 2023, the EUR/CHF currency pair has been on a steady, albeit gradual, upward trajectory, endeavoring to recover from its significant declines in the preceding years. This currency pair, which tracks the value of the Euro (EUR) against the...
WHAT IS SPINNING TOP CANDLESTICK PATTERN The Spinning Top candlestick pattern is a neutral candlestick formation that appears when a stock's or asset's price action is indecisive, indicating a balance between buyers and sellers. It is called a...
! Here's a detailed analysis of the EUR/USD currency pair based on the current market conditions and trends: As of the most recent data, the EUR/USD pair is trading at 1.0704, indicating a predominantly bearish trend in the market. This downtrend...