The EUR/USD currency pair experienced a notable surge on Thursday, demonstrating a strong upward trajectory that propelled it to approximately the 1.1100 level. This significant rally occurred primarily during the European trading session,...
The chart provided is a 1-hour candlestick chart of the Silver/U.S. Dollar (XAGUSD) pair, showing price movements from March 27 to April 4. This chart, likely from a trading platform like TradingView (as indicated by the "TV" logo), includes several...
The EUR/JPY currency pair maintains a bullish trend as long as the price stays above the key support level of 161.56. Technical indicators confirm the strength of the uptrend, with the Relative Strength Index (RSI) above the neutral 50 level,...
The USD/CHF H1 chart displays a significant bearish trend, with a sharp and aggressive selloff that has driven the pair to multi-month lows. Initially, the price exhibited a period of consolidation, fluctuating within a relatively narrow range...
I observe that the price action is currently forming a "horseshoe" pattern, indicating a sideways trend within the range of 0.8510-0.8390. I note that the MA100 is moving parallel to the floor, which reinforces the flat market sentiment for the...
