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...
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 Australian dollar faces potential downside pressure despite a positive labor market report. The RBA's hawkish stance and rising US interest rates are fueling demand for the US dollar. Although weak US data emerged, the US dollar remains strong....
The chart you provided shows the price action of the British Pound to Japanese Yen (GBP/JPY) on a lower timeframe. It features a variety of technical analysis concepts including Break of Structure (BOS), Change of Character (CH), and supply and...
The GBP/USD currency pair, commonly referred to as "Cable," is currently trading at 1.2682. This price level reflects a bearish trend, indicating that the British pound is weakening against the US dollar. While the market has been moving slowly,...