The USD/CAD pair remains under pressure while trading below the key resistance level of 1.3907 in the current market conditions. Technical indicators confirm the bearish scenario, with the Relative Strength Index (RSI) positioned firmly below the...
The AUD/USD pair shows continued bullish momentum as long as the price remains firmly supported above the 0.6381 pivot level today. Traders expect a further rise toward resistance levels around 0.6428 and potentially even higher targets should...
On a daily basis, gold prices have been moving within a channel pattern, yet lately, the pattern has begun to show signs of weakness. For more than three months, the yellow metal has been drifting sideways, suggesting a period of consolidation. Most...
The pattern emerges during a clear downtrend. The first candle is a bearish one, and the second is bullish, opening lower than the previous day’s close, but closing more than halfway into the body of the previous day’s candle. Always wait for the...
Currency pair EURUSD - D1 chart. Last week, at the beginning, prices continued to rise, but then they were quickly brought down from the highs reached. The previous week closed almost where it opened. The latest upward wave surpassed the previous...
