Harmonic patterns are a form of technical analysis that traders use to identify potential reversals in financial markets, including Forex, stocks, and commodities. These patterns are based on Fibonacci ratios and geometric price patterns to predict...
USD/JPY PAIR REVIEW The value of the Japanese yen fell to about 162 yen to the US dollar, falling further to its lowest levels since 1986 and keeping markets wary of further government intervention. The currency was stabilized in a collapse due to...
XAU-USD PAIR REVIEW Based on my technical analysis, the movement of gold today seems to tend to be corrected down to a price of 2350. This is because in the H1 time frame the movement of gold has formed a double bearish candle engulfing pattern...
GBP/JPY PAIR REVIEW The continued collapse of the price of the Japanese yen allowed the bulls to gain more control over the direction of the currency pair GBP/JPY, with gains that reached the 206.16 resistance level, which was stable around its...
Oil prices have entered a recovery phase after experiencing a modest gain of 0.39% in Thursday's trading session. The recent downturn followed an OPEC+ meeting that failed to introduce measures to maintain prices around the $84.00 mark. Market...