In the early hours of trading on Wednesday, the euro retreated again, testing the 1.0680 level that has acted as support for several consecutive days and could return to 1.06, a support zone, if the euro falls below this threshold strong. This means...
I initially assumed that the USD/CHF pair would continue downwards. Based on the H4 chart, I expected a medium-term decline and was awaiting confirmation of further decline on higher time-frames. However, contrary to my expectations, there was an...
Crude Oil Price Trends Let's analyze the crude oil price behavior at present. After failing to breach the mirror resistance level at 80.78, oil started losing ground. Sellers have driven the price back to the moving averages, trading near the...
Thank you Ambe, I read your full post on EURUSD and also carefully view the technical observation which you tried to explain on the chart I fully agreed that EURUSD may drop strongly to downward. According to my experience EURUSD may fall even 50 to...
Bear flag patterns are technical chart formations that signal the continuation of a downtrend in the forex market. These patterns are commonly used by traders to identify potential entry points for short positions, allowing them to capitalize on the...