Based on the provided H1 chart data for EURUSD, we are analyzing a single candlestick with the following details: Open at 1.15798, High at 1.15798, Low at 1.15712, and Close at 1.15713. This forms a bearish candle with no upper wick (open equals...
The New Zealand dollar slipped against its US counterpart during Asian trading on Tuesday, with NZD/USD falling to near 0.5895 as weaker-than-expected Chinese retail sales and industrial production data dragged on the currency. China's National...
How to Distinguish Strong Highs/Lows from Vulnerable Weak Levels In technical analysis and Smart Money Concepts (SMC), not every high or low deserves the same attention. Some highs and lows represent strong areas where institutions defended price...
How to Distinguish Strong Highs/Lows from Vulnerable Weak Levels 1. Understanding Strong and Weak Highs Lows In technical analysis, highs and lows are not all equally important. Some levels act as powerful barriers that can influence price for a...
Based on the provided Gold (XAU/USD) H4 chart, the precious metal is in a strong and sustained bullish uptrend. The price action shows a remarkable rally from a low near $4,032.40** (late July) to a recent peak of **$4,468.45 (August 17th),...
