As I analyze the daily chart for the Kiwi, I observe that the descending price channel was previously broken when the price surged through its upper border at 0.5665. Following this breakout, I notice that the Kiwi began to trend upward, forming an...
The chart illustrates Bitcoin’s price action on the hourly timeframe, incorporating Bollinger Bands and the Stochastic Oscillator. Initially, Bitcoin traded within a relatively narrow range, fluctuating around the middle Bollinger Band. This...
Let’s consider the chart of the D1 period - the EURJPY currency pair. As is clearly seen here, the price is pressed down along the general downward trend. Here, the wave structure is still descending. After the last wave of decline updated the...
Thrusting Chart Pattern The Thrusting Pattern is a type of continuation candlestick pattern that appears in technical analysis of financial markets. It signals that the current trend (usually bearish) is likely to continue. Here’s a breakdown of...
NZD/USD Price Forecast The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, edges slightly higher and trades around 106.50 at the time of writing on Wednesday after not breaking any pots or...
