A 55-period moving average is a technical analysis tool used by traders to smooth price data and identify trends over a period of time. It is especially useful for monitoring medium-term market trends. Here's how it works and how traders typically...
The EUR/USD currency pair is currently trading at 1.1035, positioning itself nearly at the midpoint between the established support and resistance levels. The support level is set at 1.1002, while the resistance level lies at 1.1065. This current...
The British pound extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It was a winning week for the pound, which climbed 1%. UK retail sales rose sharply in July There was...
WHAT IS ROUNDING TOP PATTERN The Rounding Top Pattern: A Comprehensive Guide The rounding top pattern is a technical analysis chart pattern that indicates a reversal in the market trend. It is characterized by a gradual, rounded shape, resembling a...
SHARK HARMONIC PATTERN The Shark Harmonic Pattern: A Powerful Trading Tool The Shark Harmonic Pattern is a technical analysis tool used to identify potential reversal points in the market. It is a type of harmonic pattern that was first introduced...