Gold price edges lower in Wednesday’s early Asian session. The escalating Middle East geopolitical tensions and firmer Fed rate-cut expectations might cap the Gold’s downside. JOLTS Job Openings and Fed Beige Book are due later on Wednesday. The...
Market Outlook and Trading Strategies Greetings, traders! Welcome to Interlock's Trading Journal. I hope you're doing well and benefiting from the recent Bitcoin analysis. Yesterday, Bitcoin tested the 59,800 level before pulling back to the 57,500...
USD/CAD I am presently dissecting the dynamic pricing behavior of the USD/ CAD currency pair. Based on my analysis, I continue to sell USD/CAD. Yesterday, I mentioned that the price hovered at the 61.8% Fibonacci retracement level and had remained...
What is a Hammer Candlestick? A hammer candlestick is a candlestick formation that is used by technical analysts as an indicator of a potential impending (upside) reversal in the trading of a financial security. The hammer pattern is seen as one...
The AUD/USD pair is currently regaining positive traction on Friday and for now, it seems to have stopped its moderate decline from the 0.6760 area, or the highest in more than a month reached earlier this week. Spot prices maintained intraday gains...