Wedge Chart Pattern The Wedge chart pattern is a technical analysis pattern that occurs in the context of price consolidation, signaling a potential reversal or continuation of the existing trend. There are two main types of wedge patterns: rising...
USD/CHF : The Art of Price Action Analysis The USD/CHF currency pair's price action analysis will be our focus point in this discussion. Bears should likely have a chance to take control, as there's a movement toward 0.8559 after the shift from...
EUR/USD H1 MARKET ANALYSIS. Good afternoon, how are you all today? Happy trading everyone. Hopefully, you will be more excited to continue your forex trading activities and your normal activities. I pray that today all tasks are easy and always go...
Focusing on the GBP/USD currency pair, the current market dynamics reveal that a golden cross pattern has formed. This pattern, which occurs when the 50-period moving average (MA) crosses above the 20-period exponential moving average (EMA), is...
The NZDUSD exchange rate appears to be continuing its downward trend, almost reaching the low price level of 0.6101 and the psychological level of 0.6100. If the decline persists, the rate may drop further to the support level (S1) of 0.6070, after...