Crude oil prices have seen some downside pressure recently, but this has been somewhat cushioned by a smaller-than-expected increase in U.S. oil inventories. The American Petroleum Institute (API) reported a rise of 2.86 million barrels, which was...
Trend Line Chart Pattern: Introduction A trend line chart pattern is a fundamental tool in technical analysis, used to identify and confirm market trends. It consists of straight lines drawn on a price chart to connect significant highs or lows,...
USDCHF currency pair - H4 chart. Here you can see that until the middle of last week, sellers continued to push the price down. In favor of sellers was the wave structure that builds its order downwards and the MACD indicator, which was falling in...
GBPUSD WEEKLY TECHNICAL ANLAYSIS Technical Analysis: GBP/USD found support near 1.2300, then showed a slight recovery before returning to the 1.2575 mark. Despite these short-term trends, the price is in an overall consolidation phase and is...
Technical analysis of USDCAD Today I choose USD/CAD for technical analysis, the market price is rising and the market is starting to rise between the main resistance at 1.4482 and the main support at 1.4408. The market price is approaching...
