This is a 1-hour candlestick chart for gold, likely from TradingView. Let's analyze it in detail. Key Observations: Support Resistance Levels: The red horizontal lines indicate resistance zones where price previously struggled to break above. The...
The USD/JPY pair is currently exhibiting a bearish bias, and I believe the downward momentum could persist in the near term. I observe that the buyers' vector is not developing strongly, which increases the likelihood of further declines. I expect...
Forex traders can analyze historical correlations and leverage technical analysis to speculate on currency movements aligned with anticipated stock market trends. For example, buying USD/JPY (long USD, short JPY) if expecting the SP 500 to rise....
Technical analysis of GBPUSD Technical analysis, Choose GBP/USD today. Currently, the market price is rising, but the trendline carrying it is being broken. After the trend line is broken, the market price will fall below it. On the trend line, the...
Technical analysis of Silver I was doing silver technical analysis today and the silver market open interest is falling which is helping the price down. The market closed above the support level and rebounded after rejecting the major support level...
