What is MACD indicator The MACD (Moving Average Convergence Divergence) indicator is a popular technical analysis tool used by traders to identify trends and potential reversals in financial markets, including stocks, Forex, and...
Gold prices edged lower towards the bearish region, trading around $2,639 during Monday's American session. The precious metal faces downward pressure as US bond yields sharply declined, with the 10-year US Treasury yield falling below 4.0% for the...
Tweezer top patterns A tweezer top is a bearish reversal pattern in forex trading that typically forms at the end of an uptrend. It consists of two consecutive candlesticks with similar highs, indicating a potential change in market direction from...
The spot price has been experiencing weakness, trading around the 1.0975 level as the US Dollar (USD) extends its decline. The USD Index, which measures the USD's value against a basket of six major currencies, has dropped toward the 102.50 level....
The USDCAD currency pair has shown signs of renewed upward momentum after a period of prolonged uncertainty. Currently trading at 1.357, the price action suggests that traders should be vigilant as we approach a critical level at 1.359. This level...