Harmonic patterns are a form of technical analysis that traders use to identify potential reversals in financial markets, including Forex, stocks, and commodities. These patterns are based on Fibonacci ratios and geometric price patterns to predict...
Bullish Momentum In Gold Price In the current analysis of gold prices on a 4-hour chart, the market shows promising upward momentum. Starting from the support level at 2315, the gold price has moved up to the 2358 level. This rise indicates a strong...
Trading Signals in GBP/ USD Our discussion centers on real-time evaluation of the GBP/ USD currency pair's price action. For technical analysis, I plotted diagonal lines representing resistance and support. The next step is to attentively monitor...
Oil prices retreated from several months highs as traders booked profits, and are expected to move sideways in the short term Oil prices edged lower in the European session on Thursday (July 4), retreating from the multi-month highs of the previous...
The Japanese yen rebounded on Wednesday, falling 0.43% on the day at 161.01. For the past four weeks, the yen has fallen, falling 3.9% in that time. The yen fell to 161.95 Wednesday, its lowest level since 1986. The U.S. currency is closed. markets...