Flat pattern in forex trading In my forex trading experience, I've found that flat patterns are a common type of corrective wave formation within Elliott Wave Theory. They consist of three waves (A-B-C) that move against the main trend and indicate...
The AUD/USD pair is currently trading within a range of 0.6763x, showing signs of upward momentum, although it hasn’t yet reached its highest resistance level. However, it's important to note that the price increase for today might be more dominant....
In the world of forex trading, understanding price action and market dynamics is crucial for developing effective trading strategies. Based on the information you've provided regarding the signal to the north, daily range considerations, and...
The foreign exchange market is inherently volatile, influenced by a myriad of factors, including economic indicators, geopolitical events, and market sentiment. In the context of recent price action, particularly surrounding the 1.30643 support...
The price of gold (XAU/USD) extended its gains on Friday, trading near $2,650, following the release of the preliminary Michigan Consumer Sentiment Index, which showed a decline in sentiment in October. The University of Michigan reported that...