Gold prices experienced a significant surge on Wednesday, reaching an unprecedented all-time high of $3,052 per ounce. This rally was largely attributed to comments made by US Federal Reserve Chairman Jerome Powell following the central bank's...
RSI Indicator The Relative Strength Index (RSI) is a popular momentum indicator used in forex trading to measure the speed and change of price movements. It helps traders identify overbought and oversold market conditions, potential reversals, and...
The NZDUSD pair has started to move up slowly. The price has formed a rising wedge pattern, which is usually a bearish reversal pattern. The pair is currently trading at 0.57918 and is approaching a major resistance level of 0.58800. This level has...
Trend Reversal In forex trading, recognizing trend reversals is crucial for maximizing profits and minimizing losses. A trend reversal occurs when the price direction of a currency pair changes from an uptrend to a downtrend or vice versa....
USD/CAD technical analysis and Forecast H1 Chart: The USD/CAD market is currently bullish, trading around 1.43311. The price is gradually moving towards its resistance level at 1.43500, approaching the 100 EMA on the H1 chart. The support level is...
