Technical analysis of GBPCAD Today I choose GBP/CAD for technical analysis. The market price rose with the help of the trend line, but the market price broke out of the channel, helping its price rise. After breaking out of the range, the price...
XAUUSD Technical Analysis XAUUSD has been in a strong downtrend on the hourly timeframe, as price action shows a series of lower highs and lower lows. The chart indicates significant selling pressure, with price continuously moving downward without...
Technical analysis of EURJPY Today I choose EUR/JPY for technical analysis, the market price is bearish, which helps to reduce costs. Currently, the market price is expected to fall further toward the moving average after breaking below the 50-day...
If the market breaks the resistance level, it will continue upward. After that, the next move could be a rise back to 1.2350 resistance which is the 3rd level of resistance. On the other hand, the possible support is currently at 1.0657. Further...
Technical Analysis of Gold The technical analysis of gold on the 4-hour chart shows further upward movement in the price of gold, as we now have a new target towards the weekly resistance level of 3080. As for gold's movements this week, they were...
