The currency pair has experienced a notable rally, reaching a higher high and reinforcing its established uptrend. After peaking, the pair has started moving sideways, potentially forming a Bull Flag continuation pattern. If this pattern holds, it...
Technical analysis of XAUUSD Today we will do a technical analysis of gold. The market is currently between support and resistance levels. Over the past few days, the market has added support and used that support as resistance. The market is now...
As the pair closes in on a significant historical trendline, it is now forming a Rising Wedge pattern, a technical formation that typically signals a bearish reversal. This pattern suggests that the pair may be poised for a downward breakout,...
Weekly WTI Technical Outlook for Crude Oil The West Texas Intermediate (WTI) crude market has had quite a bearish week, but this move should be seen in the context of its wider consolidation range. Currently, the market remains range-bound,...
USDJPY currency pair - D1 chart. During this senior period, it is striking how clearly the bearish divergence worked out, which was earlier in November on the MACD indicator. A good descent that ended in late November, early December at the...
