The cup resembles a "U" shape. It forms after a price decline, followed by a consolidation phase where prices gradually recover to a previous resistance level. The cup shows that the market was initially declining but then found support, leading to...
West Texas Intermediate (WTI) crude oil prices experienced a second consecutive day of decline, settling at approximately $57.70 per barrel during early European trading on Wednesday. This downward trend in oil prices is primarily attributed to...
The gold market is currently experiencing a period of heightened volatility and perplexing behavior. While prices have demonstrated a recent upward trend, a pervasive sense of unease lingers among investors, fueled by the unpredictable nature of...
The GBP/USD pair currently shows strong potential for further upward momentum, especially if the price holds firmly above the 1.2762 level. Technical indicators support bullish sentiment as the Relative Strength Index remains confidently above its...
I observe that the British pound continues to display notable weakness against the Japanese yen, as the GBP/JPY pair has confidently consolidated below the key level of 187.03 and is steadily declining. I notice no current signs of a potential...
