Forecast of Gold On the H4 time frame chart, the price of Gold is running in an ascending channel. As the price increased and decreased, it challenged the bottom and top levels of the ascending channel two or three times. On the H4 time frame chart,...
Engulfing Candle Chart Pattern The Engulfing Candle is a powerful candlestick pattern used in technical analysis to predict potential trend reversals in financial markets. It consists of two candles and appears in both bullish and bearish forms....
As traders await the publication of United Kingdom (UK) Retail Sales data, the GBP rises against the USD and breaks over the 1.2600 mark on Thursday. In the meantime, the US dollar declined due to a dismal US jobs report. The GBP/USD exchange rate...
I believe that the current market scenario for EURUSD is quite intriguing, especially when analyzing the recent price action. I observe that Friday’s session closed with a bearish candle, but I notice that it is entirely engulfed within the larger...
GBPUSD Technical Analysis and Market Outlook The GBPUSD pair closed yesterday’s trading session at 1.26315, reflecting a cautious market sentiment amid mixed economic data and global macroeconomic developments. As we look ahead to Monday’s market...
