Market Fundamentals: Shares of China’s Zijin Mining Group Co. soared over 5% after the company reported a record-breaking annual profit, driven by a surge in Gold and Copper prices. In a statement, the company cited mounting global economic and...
The recent price movement in the USD/CAD pair indicates that the market is still responding to current conditions, with signs of potential downward pressure. There is a likelihood that the bearish trend may continue, as sellers seem to be gaining...
Hello everyone! Today, let's analyze the 5-minute chart for the EUR currency pair. Our primary focus is to identify key support and resistance levels, especially considering the current market conditions. At present, the price appears to be moving...
A Shooting Star is a bearish candlestick pattern that appears at the top of an uptrend. It signals that buyers tried to push the price higher during the session, but sellers eventually gained control and forced the price back down, closing near the...
Currently, the GBPUSD currency pair on the hourly chart appears to be attempting to break out of a consolidation pattern identified as a "33 figure" (possibly a reference to a specific technical formation or a zone). The immediate target for a...
