Weekly Technical Analysis of WTI Crude Oil The West Texas Intermediate (WTI) crude oil market is showing strong signs of bearish pressure as prices hover near the critical $67.50 level. This area has historically served as a significant multi-year...
Good evening all traders, The recent price movement in the USD/JPY currency pair offers several key insights into market behavior and trading strategies that can be drawn from the technical and fundamental factors at play. Technical Analysis The...
Last week, bears handed the initiative to the bulls, allowing the price to rise. However, bulls were unable to sustain long-term growth. The wave structure is still forming downward, and the MACD indicator remains in the lower sales zone, although...
This week, EURUSD closed with a doji candle, indicating a balance between buyers and sellers. However, if we look at the current pattern on the weekly time frame, EURUSD remains in a bullish trend, as it's still moving above the 200-day moving...
The spot price continued its ascent against the US dollar (USD) on Friday, surpassing the crucial 1.3410 level and reaching 1.3440 during New York trading hours. This upward movement coincided with a relatively stagnant US dollar index (DXY), which...