Look for a series of higher highs and lower lows on the price chart.Connect the peaks and troughs with trendlines to form the megaphone pattern.Confirm the pattern by observing other technical indicators or chart patterns.Look for increasing volume...
EUR/USD Technical and Fundamental Analysis Market Structure and Price Action Currently, EUR/USD is in an uptrend on the H1 timeframe, supported by a strong bullish market structure. The main support level is at 1.4700, while the middle support area...
Understanding the Gold (XAU/USD) Chart Introduction Gold (XAU/USD) is one of the most actively traded commodities in the world, serving as both a safe-haven asset and an inflation hedge. Traders and investors closely monitor gold price movements due...
Currency pair GBPJPY - let’s look at the D1 period chart today. The wave structure here is descending. After the last wave of decline updated the minimum of the previous one at the beginning February, the third wave went down. The MACD indicator is...
GBP/USD Technical and Fundamental Analysis Market Structure and Price Action On the H1 timeframe, GBP/USD is currently in an uptrend supported by a strong bullish market structure. The price is forming higher highs, confirming that the trend is...
