The USD/CAD daily chart shows a robust uptrend, with the pair trading at 1.38883, reflecting strong bullish momentum since early October. The price has approached a significant resistance zone around 1.3900, marked by the red-shaded area, which has...
GBP-USD PAIR ANALYSIS The GBPUSD pair trading that took place today has experienced a significant increase, and is in the process of testing the minor Resistance level of the H4 time frame 1.2997. If the breakout of the minor Resistance level of...
General Points of XAUUSD: We have observed that as the U.S. dollar stabilized, the XAUUSD market began to trend downward. On Friday, this market closed at the 2747 level, which serves as a middle point. Below this level, the 2738 mark, and above,...
Compared to other major pairs moving actively in one direction, this pair only moves up and down with the same point. This indicates that the power between buyers and sellers is quite balanced, so we can profit from this momentum by making open...
Flat pattern in forex trading. When the b-wave retraces between 80% and 100%, it is said that the market forms a normal b-wave. The three flats here are: C-failure (c-wave < b-wave) Common flat (c-wave ends between 100% and 123.6% of wave a)...