Retracement Patterns and Reversal Pattern Retracement patterns and Reversal patterns are essential concepts in technical analysis, particularly in financial markets like Forex, stocks, and commodities. Here's an overview: Retracement Patterns A...
Technical analysis of the AUDUSD pair The price moved in a downward direction during the previous two weeks, which led to the opening of trading this week within descending price channels. The price also traded below the weekly pivot level, and...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis, the market price is rising, and the price has formed an ascending channel. The cost of the market is quite respectful of this channel, so the price goes up. Market prices...
Crude oil prices are poised to reclaim the $70 per barrel mark on Friday, reflecting a cautious optimism in the market. While the recent OPEC+ report, signaling potential production cuts, has provided a bullish impetus, traders remain wary of the...
AUD / USD: An Hourly Time Frame Recommendation The year is about to end and the market will move uncertainly. Thus, we can check the sideway and sluggish style in the market of AUDUSD. It hit the 0.6355 level yesterday. Today, I don't have much...
