USD/CAD A downward wave has now reached the line of the ascending red channel, which will likely return the price to the upward trend. This week, the price began trading within a price triangle formed by the ascending red and descending blue...
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Money Flow Index (MFI) in Forex Trading Introduction The Money Flow Index (MFI) is a powerful and versatile momentum indicator used by forex traders to gauge the strength of money flow into and out of a currency pair. Combining both price and volume...
XAU/USD Forecast Greetings and Good Morning Guyd. Have a new successful trading week! This week, the US dollar again has a lot of news events. On Friday, the market of XAU/USD dropped sharply down and reached around the 2293 zone. It cannot remain...
Retrace waves in Elliott wave theory Furthermore, wave probes show perpendicular waves as opposed to those occurring in perceptual and perpendicular wave systems. These are the main ones: There are 2 waves and 4 waves in the impulse wave. Wave B is...