In forex trading, the term "ellipse shape" is not a standard technical term, but can be interpreted in several ways, especially when analyzing price action or chart patterns. Below are some possible interpretations and uses of the ellipse shape in...
NZD/USD Forum Analysis, Forecast 01 September 2024 It's been two days, Thursday and Friday, the nzdusd movement has started to decline. The beginning of the nzdusd decline was when the candle touched the 0.6298 area. After I checked again, that...
USD/CHF Forum (US Dollar/Swiss Franc): Charts, Reviews Since the candle could not penetrate the demand area at the price of 0.8402, the movement of USDCHF which was previously down turned up. The increase started on Thursday and continued on...
USD-CHF PAIR FORECAST The price movement that I am thinking about right now is the buy option, which from the previous pattern, namely the price moving down sequentially or patterned below the dynamic EMA which acts as a resistance area for now if...
EUR To NZD (Euro To New Zealand Dollar) In recent weeks, the journey of the EurNzd market has been dominated by bearish movements and it is observed that sellers continue to respond to price declines and the 1.7850 area appears as a dynamic...