The USDCAD H1 chart illustrates a strong and sustained bearish trend that has taken shape over the past several trading sessions. After a period of sideways consolidation throughout mid to late March, the price began a clear downward movement in...
The EUR/USD pair is consolidating near the 1.1360 mark during early Asian trading on Monday, trimming some of last week’s gains as traders reassess the broader macroeconomic landscape. The pair had advanced in prior sessions, supported by...
Gold prices opened the week on a softer note, trading modestly lower after reaching a new all-time high of $3,245 during the Asian session. The retreat comes as bulls pause amid slightly overbought technical conditions and a shift in global market...
Gold: A Comprehensive Price Action Review The discussion currently revolves around the analysis of the gold price behavior. I already wrote that the buyer achieved a local result on the daily timeframe; this is a breakout of the local maximum and...
A way to trade using the Fibonacci indicator is to draw Fibonacci levels on yesterday's price move to determine the most important level for trading today, which is the 61.8% Fibonacci level. Trading was in a downtrend last Friday, then the price...
