What Is the Envelopes Indicator? The envelopes indicator is a technical analysis tool used in financial markets. It analyses price movements to identify potential trading opportunities. It consists of two main lines plotted above and below a...
We have closely monitored the ongoing price fluctuations in the USD/CAD currency pair. As the week has concluded, we find it necessary to promptly review our trading strategy on the same chart. Delving deeper, we observe a long-standing pattern...
NZD/USD/H1 In analyzing the current movement of the NZD/USD pair on the H1 chart, it's evident that a robust trend is underway, driving the currency pair towards the upper savings line. This upward trajectory encounters a formidable barrier at this...
Crude Oil Market Analysis: Bullish Trend Confirmed With Key Technical Indicator The current crude oil price is at 78.48 as of market close. Analyzing the H4 chart, the price is currently above the 50 and 100 SMAs (Simple Moving Averages). These SMA...
The Canadian dollar ended the week with a mixed performance. It clawed back some ground against most major currencies but showed only a minimal gain against the US dollar. This mirrored the overall cautious mood in the markets on Friday. Earlier...