The GBP/CAD currency pair has shown a recent upward trend on the daily chart, and today is no exception as it's also moving northward. I'm interested in analyzing how the pair might behave in the near future, whether the upward trajectory will...
Look for a series of higher highs and lower lows on the price chart.Connect the peaks and troughs with trendlines to form the megaphone pattern.Confirm the pattern by observing other technical indicators or chart patterns.Look for increasing volume...
Australia's economic growth has remained sluggish, prompting attention to the Reserve Bank of Australia's (RBA) future policy decisions. Although rate cuts are not expected until February 2025 at the earliest, there are growing expectations that...
The current market dynamics suggest a strong bullish sentiment, as I observe that the northward movement remains a priority without any significant dispute. I believe the recent update to the local maximum of 1.0528 and the subsequent push to 1.0560...
The AUD/USD currency pair is currently in a downward trend, as I observe that the TMA indicator channel is directed downwards. I notice that the price has consolidated above the average TMA level, which could indicate either consolidation relative...
