EUR/USD Here on the euro/US dollar pair from the north there is a very good resistance zone at 1.0424-1.0470. I think that the bear will reach my profit which is at 1.0045 in any case. The most important thing is that the bull does not make another...
The USD/CHF currency pair has broken through a bearish trend line and has also breached the 50-period Exponential Moving Average (EMA). However, the market is currently trading below this EMA, indicating bearish pressure. The Relative Strength Index...
Diamond Chart Pattern The Diamond Chart Pattern is a rare but powerful technical analysis pattern that signals potential trend reversals. It resembles a diamond shape on price charts and is typically found at market tops or bottoms. This pattern...
Current Market Trends The trend in various financial instruments is mixed, with some assets showing signs of recovery while others remain in a consolidation phase. For traders, it is crucial to closely monitor key resistance and support levels, as...
Market Fundamentals: The release of weaker-than-expected Chinese economic data early in the day has contributed to a subdued market sentiment. The PMI was confirmed at 50.5, falling short of both the previous reading of 51.7 and market expectations....
