Drawing an equidistant channel in Forex trading involves creating two parallel lines that capture price movement within a trend. A channel consists of a support line (lower boundary) and a resistance line (upper boundary) that are equidistant from...
Gold gains after report Shows revival in China : Gold is probably gaining after data from Wolrd Gold Council on Tuseday shows China's net Gold imports rose by 17% in July, the fist month of increases since March. A modest increase in net inflows of...
The pair is currently under pressure from a strengthening of the dollar as investors brace for upcoming US GDP and Personal Consumption Expenditures (PCE) inflation data. Recent US Purchasing Managers' Index (PMI) data revealed that private-sector...
Techniacal Analysis : Technical Analysis is The study of historical price action in order to indentify patterns and determine probabilities of future movements in the market by studying price action and through the use of techncal indicators and...
The spot prices extended their gains into the late US session on Thursday, approaching a multi-day high around the $2,530 mark. However, the recent uptick has been overshadowed by a strengthening US Dollar, which has been a significant factor...