The AUD/USD pair faced downward movement around the 0. 6400 mark after the SP Global PMI figures for February were made public in the US. Although traders view the government's tariff plans as less harmful than previously thought, the dovish stance...
GBP/USD Technical Analysis: GBP/USD is holding around 1.2600, but it’s struggling to break above 1.2650, which has been a tough resistance level. The 200-day SMA near 1.2550 is acting as a solid support, keeping the pair from dropping further. If...
Understanding key technical levels in the market is essential for successful trading. The primary support level is at 1.2100, which has historically been a strong buying zone. A bounce from this level indicates bullish sentiment. The secondary...
Pipe Top and Pipe Bottom Candlestick Chart Patterns The Pipe Top and Pipe Bottom are rare but significant candlestick chart patterns used in technical analysis to signal potential market reversals. These patterns resemble a pair of parallel pipes...
AUDUSD Analysis The AUD/USD pair has broken out of the downtrend after a long period of decline. Recently, the price tested the critical resistance at 0.6450 and formed a bullish angle. This suggests that the uptrend is slowing down and a reversal...
