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...
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...
I observe that the EURUSD pair is currently trading above its moving averages, signaling a bullish shift as the prior downward trend has been invalidated. I note that the recent breakout above resistance at 1.07766 reinforces this upward momentum,...
The GBP/AUD currency pair is showing signs of potential upward movement, with the price currently approaching the pivot level of exactly 2.0413. Market participants are closely watching price action to determine whether a rebound will materialize...
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...
