Since the beginning of this week, the NZDUSD pair has been moving within a white price triangle, which lies between price channels representing the last two weeks' movements. It generally indicates an upward trend with varying extensions. The price...
Today, I am going to discuss the current state of crude oil prices. As of now, on the D1 chart, crude oil is trading around the 81.62 level. This price point is significant as it reflects a period of relative stability since last week, during which...
The U.S. dollar rose sharply on Wednesday morning, continuing its strong appreciation against the Japanese yen. This consistent strength of the pair is primarily due to upbeat automotive trading growth, with positive interest rate differentials...
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...
What are Harmonic Patterns? Harmonic patterns are specific price formations that adhere to Fibonacci ratios, which are widely used in technical analysis. They are named after geometric structures like butterflies, crabs, bats, and more, each with...