Fundamental Analysis The precious metal is above the critical level of 1050 and if we do see a strong reading of the US NFP on Friday, this level could easily be broken, because this will increase the odds further that the Fed will stay firm on their path of lifting the interest rate. However, do…
اقرأ المزيدThe EUR/USD pair is trading in a downward wedge pattern on a 4 hour time frame. The price is trading within the Bollinger band and this shows that the volatility is low for the pair. However, as we move further in this downward wedge pattern, it becomes more narrower and confirms that price has bigger…
اقرأ المزيدChina A50 Index is trading below its upward trend line on a 4 hour time frame. The index has pierced the Bollinger band and it shows that the volatility is high and it is trading away from its 20 day moving average. We are also trading below the 100 day (shown in red) and the…
اقرأ المزيدSilver has broken its upward trend line on a 30 minute time frame. This is a confirmation that the upward trend is no longer in play on this time frame and if you are trading in a smaller time frame. It is imperative to keep in mind the bigger time frame trend when you are…
اقرأ المزيدThe AUD/USD pair has broken its upward channel on a 60 minute time frame. Given that the price has broken the lower line of this channel, which as acting as an upward trend line ,it gives us a confirmation that the upward trend is no longer in play. The price has broken its 50 day…
اقرأ المزيدThe EUR/GBP pair has broken its downward wedge pattern towards the upside on a 4 hour time frame. This confirm that the downtrend is no longer in play and the bias is towards the upside. Moreover, the price has also moved above the 50 day shown in yellow and the 100 day shown in red…
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