Market Analysis Overview In the daily chart analysis, the wave structure is showing an upward trend. The MACD indicator is also in the upper zone and growing above its signal line. Since the beginning of March, prices have surged upwards...
The GBP/USD currency pair is currently showing a complex trading scenario across different time frames, which requires a thorough analysis of market conditions and potential price movements. On the daily chart (D1), the pair is situated above the...
Importance of Support and Resistance Levels in Trading Support and resistance levels are fundamental concepts in trading that help traders make informed decisions. These levels act as psychological barriers in the market, influencing price movement...
The EUR/AUD currency pair remains under bearish pressure as long as the price continues trading below the crucial resistance level of 1.7244 in the current market session. Traders closely monitor price action to determine whether the pair will...
The pair is currently trading above the moving averages, which suggests a potential bullish bias in the market. However, I notice a divergence on the indicator, which indicates a possible decline in the near term. Since the price is still above the...
