EUR To NZD (Euro To New Zealand Dollar) In recent weeks, the journey of the EurNzd market has been dominated by bearish movements and it is observed that sellers continue to respond to price declines and the 1.7850 area appears as a dynamic...
USD-CHF PAIR ANALYSIS Since the candle could not penetrate the demand area at the price of 0.8402, the movement of USDCHF which was previously down turned up. The increase started on Thursday and continued on Friday. As a result of the increase,...
In forex trading, the term "ellipse shape" is not a standard technical term, but can be interpreted in several ways, especially when analyzing price action or chart patterns. Below are some possible interpretations and uses of the ellipse shape in...
The USD/CAD currency pair was influenced by several key factors. The U.S. dollar faced downward pressure due to mixed economic data, including weaker-than-expected GDP growth and softer consumer confidence. Additionally, comments from Federal...
THE CURRENCY PAIR GBP-USD Have a nice day, and profitable trading to all forum members! I would like to share my vision of the trading situation for the instrument. To begin the technical analysis, I throw an indicator on the chart that...