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...
EUR/NZD (Euro To New Zealand Dollar) The GBPCAD pair which is currently in a bullish trend seems to be experiencing a downward correction phase. The downward price correction can go to FR 50 - 1.7633 or FR 61.8 - 1.7579 which means it is below SMA...
USD/CHF H1 After yesterday's trading results, buyers of the Swiss franc formed the first upward impulse and on the H1 timeframe, after which from the northern starting line of 0.8660 the price of USD/CHF turned south for correction. The nearest...
Crude Oil (#CL) Technical Analysis Crude oil has been under significant bearish pressure since the end of July, consistently trading below the crucial moving averages: EMA50, EMA100, and EMA200. This trend highlights a strong downward momentum...
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...