Trading Strategy with USD/CAD Our focus is on analyzing the price movements of the USD/CAD currency pair. When the instrument approaches the resistance zone at 1.3783, it frequently rebounds, forming an inverted hammer or pin bar pattern based on...
H4 Hour Time Frame Outlook: Based on the H4 TF reference above, it can be seen that there is a decline that has been able to cross the moving limit of the 200 MA with the condition of a bearish Gap forming past the 200 MA limit. This confirms that...
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GOLD MARKET ANALYSIS Last Friday (June 7), gold prices fell sharply. Spot gold fell about 3% throughout the day, closing at $2,292.70/ounce, and the lowest intraday price was $2,286.50/ounce, a plunge of $100. Last Friday, gold suffered a sharp...
Technical Analysis of GBP/USD Last week, the pound sterling again reached local highs but failed to break through and rebound from 1.2788. Several attempts to break through this resistance level were unsuccessful, causing the price to fall upward to...