Understanding the Basics of Gann Theory Gann Theory is a financial market analysis technique developed by legendary trader W.D. Gann in the early 20th century. Gann’s methods are based on time, price, and geometric angles, which he believed could...
The gold spot price recently traded around $2,630 per ounce, recovering from the 50-day Simple Moving Average. This increase came after a significant price drop, as traders responded to a market downturn caused by global growth concerns. On Monday,...
As of September 24, 2024, the USD/JPY currency pair is exhibiting a slow yet bearish trend. The pair has shown signs of weakness due to various market factors, particularly the ongoing pressure from Japan’s struggling manufacturing sector and weak...
This week, the USD/CAD trading trend seems to be following the bullish momentum observed last week. Despite previous declining market conditions, the pair could not break below the 1.3438 price zone, leading to a current upward trend. Analyzing last...
USD-CHF DAILY TIME FRAME Bullish candles appear quite full today even though the market that has been passed is only the Asian and European sessions. The price moved up after failing to penetrate the daily support of 158.81 and now the price is...