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)...
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,...
EUR/USD Market Outlook Greetings and Good morning to everyone! Like other currency pairs, the market of EUR/USD also dropped sharply on Friday and reached around the 1.0795 zone. This decline was primarily driven by the strong performance of the US...
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...
The U.S. Dollar Index (USDX) is a key financial indicator that measures the value of the U.S. dollar against a basket of six major world currencies: the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK),...