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Let's examine the chart for the trading instrument GOLD during period D1. The wave structure for this older period still depicts an upward trend, but the MACD indicator is already declining within the lower sell zone and below its signal line. The...
WHAT IS PIVOT POINT IN FOREX TRADING Pivot points are a popular technical analysis tool used in Forex trading to predict potential support and resistance levels. They are calculated based on the previous day's price action and are used to identify...
AUD/ USD Price Summary I will examine the dynamic pricing behavior of the AUD/ USD currency pair in real time. Buyers failed to hold above the 61.8% correction level between the 0.6575 to 0.6703 wave, resulting in a break below it, suggesting...
Upon observing the price movements of the EUR/USD currency pair during this mid-week trading session, it appears that the bullish trend is still intact. However, since last night, the market has experienced a significant bearish movement,...