As the pair closes in on a significant historical trendline, it is now forming a Rising Wedge pattern, a technical formation that typically signals a bearish reversal. This pattern suggests that the pair may be poised for a downward breakout,...
USDJPY currency pair - D1 chart. During this senior period, it is striking how clearly the bearish divergence worked out, which was earlier in November on the MACD indicator. A good descent that ended in late November, early December at the...
The EURCAD pair finally managed to push up after consolidating for almost a day. The price opened last Friday at 1.4923, and the previous day's decline tried to rise after being rejected from the EMA 200 H4 and EMA 633 H4, with a position close to...
The EUR/USD currency pair experienced limited movement on Friday, hovering just below the 1.0430 level. While it failed to extend the recent bullish recovery, it also didn't lose ground, signaling a period of consolidation. Market volumes were...
Gold shows resilience as it focuses on key levels of resilience Gold prices rebounded on Friday to hit a high of $2,632, slightly above Thursday's high of $2,626. A strong close, placed in the upper third of the daily price range, suggests momentum...
