I observe that the pair is currently trading above key moving averages, signaling a potential shift in momentum following the breakdown of the prior downward trend. The emergence of a divergence on the indicator reinforces my view that a corrective...
The gold (XAU/USD) chart displayed is on the H1 timeframe, indicating hourly price movements. The price is currently around $2984.50, with recent highs surpassing $3000. The chart utilizes Bollinger Bands, which show price volatility and potential...
The Japanese yen maintained a defensive stance against the recovering US dollar during the early European trading session on Wednesday. This comes despite a lack of significant follow-through buying interest, largely attributed to market...
Greetings to all traders! I hope your trading week has been fruitful. This week, the British pound (GBP) experienced a brief pause after its rapid growth the week before. The GBP/USD currency pair entered a consolidation phase, with the price...
In my analysis of the USD/CHF currency pair, I've determined that I will only consider entering a sell position if the price rises to 0.9034. This level is significant for me as it offers a favorable opportunity to set a strong stop-loss level at...
