The chart represents the price movement of gold on an hourly (H1) timeframe. Various technical indicators, such as Fibonacci extensions, Bollinger Bands, and the stochastic oscillator, are applied to analyze potential price action. Looking at the...
GBP/USD Let's open the daily timeframe and see a fairly clear picture: earlier there was a rebound from the local minimum of 1.2100, after which the pound/dollar pair formed an ascending price channel, which was eventually broken by breaking...
West Texas Intermediate (WTI) crude oil, the U.S. benchmark, experienced persistent selling pressure in early European trading on Monday, hovering around the $66.45 mark. This downward trend was primarily attributed to mounting concerns regarding...
I am currently analyzing the NZD/USD currency pair with the intention of opening long trades. My preliminary trading strategy involves entering the market from the 0.5715 level, targeting the 0.5778 level. I believe this setup is supported by the...
The British pound (GBP) maintained a relatively stable position against the US dollar (USD) on Monday, trading around the 1.2915 mark, with a slight uptick of 0.04%. This period of consolidation occurred amidst a quiet economic data landscape, with...
