Analysis of AUD/USD on the Hourly Chart Recent Price Movements: On the hourly chart, the AUD/USD currency pair was trading within a descending channel. On Friday, the pair experienced an upward movement, reaching the upper boundary of this channel....
EUR/CHF Weekly Outlook: I utilized price action on the H4 and daily time frames to determine this week's crucial support and resistance levels. If I see a confirmed swing trade setup at this level, I execute the trades according to my strategy. I...
The Hanging Man pattern is a candlestick pattern used in trading to predict price movements. It's called a "hanging man" because the candlestick looks like a person hanging from a rope. This pattern forms when a small body (the "head") is suspended...
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The currency pair has recently been showing bullish tendencies, driven by negative data from the US hourly and jobs reports. As of the market close last night, the pair was trading around the 1.00910 level. This upward movement is significant, given...