EURGBP D1 In the EUR/GBP pair yesterday, after a slight northward retracement, the price reversed and was pushed down by a strong bearish impulse, resulting in the formation of a full bearish candle, which once again closed near the local support...
The EUR/USD currency pair experienced notable volatility last week. On Friday, it hit a six-week low, dropping to 1.0680. However, during the US market session, it managed a modest recovery, closing the trading week slightly above the 1.0730 level....
The image provided appears to be a technical analysis chart used for trading financial instruments such as stocks, forex, or cryptocurrencies. Let's break down and analyze the key components of the chart: ### 1. **Chart Pattern and Trend Lines** The...
For oil on the weekly chart, the price was quite confidently pushed to the north, as a result of which a full bullish candle was formed, which was able to easily break through and confidently consolidate above the resistance level, which, according...
Crude Oil Market Analysis: Bullish Trend Confirmed With Key Technical Indicator The current crude oil price is at 78.48 as of market close. Analyzing the H4 chart, the price is currently above the 50 and 100 SMAs (Simple Moving Averages). These SMA...