The diffused lamp is an important example of a candle used in technical analysis to identify potential changes in the market. It consists of two candles with the second candle completely covering the body of the previous candle, indicating a sharp...
Tech Leads Wall Street to Records, Nasdaq, SP 500 High The Nasdaq and SP 500 posted their fourth straight record closing high on Thursday, while Treasury yields fell to their lowest since early April. Investors reacted to lower-than-expected...
Price Action Analysis of GBP/USD 4H Chart Today, I will be dissecting the trend of the GBPUSD currency pair. On Friday, the GBPUSD pair moved downward. I had anticipated that the price would move upward, unfortunately, the price moved in the...
The EUR/USD currency pair, which measures the exchange rate between the Euro (EUR) and the US Dollar (USD), is currently trading at around 1.0709. Presently, the trend for EUR/USD is bearish, reflecting a decline in the value of the Euro relative to...
Fundamental Analysis On Friday, the Canadian dollar (CAD) made a meager comeback, rising from most of its major currency peers and recovering only a tenth of a percent against the US dollar (USD). The market is cautious due to an unexpected decline...