The Three Tops pattern is a bearish reversal chart formation used in technical analysis. It signals that an uptrend may be coming to an end and a downtrend could follow. Here’s a breakdown of its key components and how traders might interpret it:...
Currently, I am observing the USD/JPY pair closely, as it has not yet broken any critical levels, and there is no clear signal to buy at this moment. I am not considering selling positions at this stage, but I acknowledge that the situation could...
The crude oil can break through the first barrier at 67. I expect the market will still be good for sellers, just like last month. With positive news about the economy and stable oil prices, there may be chances to buy different currency pairs and...
The AUD/USD pair has experienced a sharp decline, sinking near 0.6280 during North American trading hours on Thursday. This drop is fueled by the US Dollar’s (USD) resurgence amid heightened global economic uncertainty, primarily stemming from...
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