The Story in the Charts: Gold Let's discuss the current price behavior analysis of the Gold. Bears exert pressure today, potentially causing a rebound from the descending trend line to a high of 2448.71. If this movement continues and we observe a...
The pair experienced a decline during the North American session, primarily due to weaker-than-expected employment data from the UK, which undermined the Pound Sterling. Consequently, the major currency pair traded at 1.2660, down by 0.11%. This...
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...
USD/CHF Analysis: The USD/CHF pair is currently trading close to the day's opening level of 0.8935 and above the W1 level of 0.8957, where a decrease in volume typically occurs. On the W1 chart, if the price remains above the 0.8928 level, it is...
GBPUSD Good morning. It looks like buyers started to push the price higher but yesterday they were unable to increase their positions any further. They now need to break and consolidate above the 1.27018 level and if they can achieve this, the...