Gold technical view As the gold price trended upward during the previous two weeks, gold began trading within ascending price channels this week. The price also breached a weekly pivot level of 2320. Gold has reached the lower channel lines, but the...
The currency pair retraced its earlier gains and was trading around 1.0855 during the Asian trading hours on Friday. The technical outlook on the daily chart suggests a bearish trend, with the pair currently consolidating within a descending...
Managing risk is crucial to achieving success in Forex trading. It involves understanding the potential losses and taking steps to minimize them. One proven technique is to set a stop-loss order, which automatically closes a trade when it reaches a...
The Australian dollar has fallen sharply in value over the past week, breaking below the 0.6650 level, a point that has historically acted as support and resistance If we examine the broader market trends it is clear that the AUD/USD pair is closing...
Yesterday NZD/Usd on the daily Time Frame formed a bearish pin bar pattern from the resistance of 0.6140, but today the market did not show significant movement, with the daily candle closing in uncertain conditions. Nevertheless, I still give...