Oil broke out of a recent consolidation phase last week and hit a short-term high of $71.41 before pulling back. On Tuesday, the market faced a more bearish decline, testing support near the 20-day moving average with an intraday low of $69.22. This...
Retracement Patterns and Reversal Pattern Retracement patterns and Reversal patterns are essential concepts in technical analysis, particularly in financial markets like Forex, stocks, and commodities. Here's an overview: Retracement Patterns A...
NZD / USD: My Recommendation by using an hourly time frame A slow and uncertain market scenario had appeared in the NZDUSD market. It hit the 0.5754 level yesterday and the news data failed to change market sentiment. But the NZDUSD investors...
Gold prices, after a brief dip to $2,660 on Friday, showed signs of a modest recovery. However, the US Dollar Index's sharp reversal from its two-week high posed a challenge, as did the rising US Treasury yields. Recent US economic data, including...
Technical analysis of XAUUSD Today we will do a technical analysis of gold. Gold is a major metal and favorite metal for forex trading. The market is currently at 2645. The market is between support level at 2632 and resistance level at 2657. This...
