GBPCAD TRADING ANALYSIS The GBPCAD pair price during this week tends to move sideways/ranging because the price fluctuates between the pivot point (PP) 1.7743 and the resistance (R1) 1.7802. There is no significant progress for the price to...
The USD/JPY currency pair has experienced a moderate decline. At one point, the pair saw a significant drop but quickly rebounded to the opening levels of the current weekly session. This recovery indicates that the market is not yet prepared to...
Hello, dear friends. The GBP/USD pair is currently demonstrating a downtrend on the H4 time frame. This movement is notably consistent with its interaction with the 50-period Simple Moving Average (SMA), which has been guiding the bearish sentiment....
The precious metal showed a bearish trend after reaching new all-time highs during European trading hours on Friday. At present, the yellow metal is trading around the $2,380 mark as investors adopt a wait-and-see approach ahead of the highly...
What is a hammer candlestick? Considered a reversal formation and forms when price moves well below open, but then rallies to close near open if not higher. (Inverted hammer is the mirror opposite) Forms a candlestick with a long lower shadow...