The linear regression line is down, indicating the strength of sellers. The profit is on the south side, towards the bottom of the channel 2384.49. I consider sales from the level of 2403.29, which must withstand the bullish attack, otherwise the...
Embarking on a forex trading journey can be both thrilling and overwhelming. This comprehensive beginner’s guide is designed to demystify the forex market and provide you with a solid foundation. We start by explaining what forex trading is and how...
The price of gold has surged to a new historical high, nearing $2,483 per ounce, driven by growing expectations of an imminent interest rate cut by the Federal Reserve. Federal Reserve Chairman Jerome Powell's recent statements underscored...
Currently, the USD/CHF rate has been observed on the H1 (one-hour) timeframe and is indicating a position within a bullish zone. The overall trend appears to be moving upward, suggesting a positive market sentiment. However, it is crucial to note...
After breaking through the resistance line of the daily channel (trend line), the bulls gave a signal to change the daily trend from downward to upward, with the subsequent attack on the next local resistance at around 1.09852. The bulls failed to...