Have a great day everyone! There is an opportunity to sell against the main movement on the hour. The basis for this is the linear regression channel turned downwards. Although it is more correct to skip sales or wait for the downward reversal of...
The EUR/USD H4 chart exhibits a clear long-term downtrend, as indicated by the persistent price movement below the red moving average, which acts as a dynamic resistance. The market has been making lower highs and lower lows since early September,...
Technical analysis of USDCAD Today, I choose USD/CAD for technical analysis because the market price is rising and forming an ascending channel. Market prices broke these trend lines, which helped push prices higher. At this point, the market price...
USD/CHF Price Forecast Durable Goods Orders in the US declined by 2.2%, or $6.3 billion, in December to $276.1 billion, the US Census Bureau reported on Tuesday. This reading followed a 2% decrease reported in November and came in worse than the...
AUD/USD Price Reaction The AUD/USD hourly chart shows a significant uptrend over the past few sessions, with the price currently trading at 0.6291. After hitting a recent high near 0.6340, the pair has entered a corrective phase, indicating a...
