GBP/ USD Price Move Let's discuss the current price behavior analysis of the GBP/ USD currency pair. It's crucial to closely watch the 1.3109 level on Monday, as this point will determine whether a correction begins. The difference between 1.3108...
Navigating the Waves: EUR/USD Prices The EUR/USD currency pair's price behavior analysis is a topic for discussion. Based on technical analysis, the EUR/USD pair is in a downward trend, with the price ending the week at its lowest point. The price...
Crude Oil Price Action Review Let's analyze the crude oil price behavior at present. The price broke away from the trend line, shifted downward, and dropped to the support level of 73.33. From this point, it rebounded, climbing back to the 73.79...
USD/ JPY Price Understandings Our conversation will center on analyzing the USD/ JPY currency pair's price action. The USD/ JPY currency pair closed the trading week with an upward momentum, finishing near 146.23. The pair remains in a growth...
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...