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...
Navigating the USD/ JPY Price Action Let's talk about how the USD/ JPY currency pair's price has been behaving and what analysis can be from it. For USD/JPY, the pair closed the day and week above 146.01, marking a modest victory for the bulls....
Gold: What the Charts Reveal The discussion currently revolves around the analysis of the Gold price behavior. The entire week has concluded with gold remaining largely inactive, hovering above the support level 2489.00. A decisive break below this...
GBP/ USD Price Opportunities The analysis of the price behavior of the GBP/ USD currency pair is currently open to discussion. The GBP/USD pair has entered a gradual bearish correction. Why do you believe the price can only retrace 50% of the wave...
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...