GBPUSD: Since the start of the trading session on Monday, the GBP/USD currency pair has exhibited bullish conditions. Throughout this period, the price has fluctuated within a relatively narrow range, yet the dominance of buyers has been evident....
On the reverse trading, a breached and sustained consolidation above 1.2800 will invalidate my bullish bias, and change the outlook of the currency pair entirely. The Bulls are likely to take control if the pair manages to hold above this level,...
Let's examine the chart for the trading instrument GOLD during period D1. The wave structure for this older period still depicts an upward trend, but the MACD indicator is already declining within the lower sell zone and below its signal line. The...
AUD/ USD Price Summary I will examine the dynamic pricing behavior of the AUD/ USD currency pair in real time. Buyers failed to hold above the 61.8% correction level between the 0.6575 to 0.6703 wave, resulting in a break below it, suggesting...
In Forex trading, a pivot point is a technical analysis indicator used to determine the overall trend of the market across different time frames. The pivot point itself is the average of the high, low, and closing prices from the previous trading...