XAU/USD analysis: According to the daily (D1) chart, the market is currently experiencing a correctional decline. This decline is targeting a support level around 2300, which is a critical area for market participants to watch. If the price reaches...
EUR/USD D1 TIME FRAME CHART. My plans for the EUR/USD outlook for today have already changed. Most likely they will move the rate to the daily MA. It is at the level of 1.0780. We are already at the 7th figure, and that we moved south at the end of...
The pair continues its downward trajectory, hovering around 1.0711. This marks the second consecutive day of losses for the pair, reflecting a prevailing bearish sentiment highlighted in recent technical analysis. Specifically, the four-hour chart...
The US dollar (USD) extended its rally against the Canadian dollar (CAD) for a fourth consecutive day. As of Friday's European session, the USD/CAD pair hovered around 1.3710. This upward trend comes ahead of the release of core PCE inflation data,...
In forex trading, candlestick chart patterns play a crucial role in technical analysis, helping traders predict future price movements based on historical price data. Among these patterns, the "Counseling Baby Swallow" pattern, while not a standard...