The image displays another candlestick chart, featuring a technical analysis with indicators. Let's break down the key components and interpret the chart: Key Components: Candlesticks: Each candlestick shows the open, high, low, and close prices...
AUD-USD PAIR FORECAST The upward movement of the AUDUSD pair on Monday - Tuesday seems to have failed to continue testing resistance (R1) 0.6697. Even though the price managed to pass the EMA 50 and pivot point (PP) 0.6645, the upward rally stopped...
CHART PATTERNS IN FOREX TRADING Chart patterns are a crucial element of technical analysis in Forex trading, helping traders identify potential trading opportunities and predict price movements. In this article, we'll explore the most common chart...
Last week, on the weekly chart of the euro, the JPY price continued to rise. First, it tested the support at 169.77, rolled back from it, and the week closed above 169.77. For this reason, last week I gave priority to growth towards the resistance...
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