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I have changed my mind on the direction of the USD/JPY market. I was initially expecting a decline, but now I see upside potential, so I am betting on a move higher. The 152.57 level on the daily chart is currently acting as a barrier to the upside,...
THE CURRENCY PAIR EUR-CAD The situation on the EURCAD market. Using the data obtained from the Fibonacci grid, the market quote of 1.48817 falls into the range between the Fibonacci levels of 100 (1.49099) and 50 (1.48726). To understand the...
Bullish and Bearish Breakaway Candlestick Chart Patterns Here’s an overview of Bullish and Bearish Breakaway candlestick chart patterns, which are important reversal patterns in technical analysis: Bullish Breakaway Pattern The Bullish Breakaway...
Technical analysis of XUSUSD Today I chose gold for technical analysis, the target market is currently in a downtrend, and the price is rising. Gold is currently in support; the price of gold rose from a support level in 2665 to resistance in 2719,...
