Technical Analysis

The financial world was ablaze last Friday as the price of gold skyrocketed, reaching an unprecedented $2,983 per troy ounce. This remarkable surge, marking a gain of over 2% for the week, highlights not only the metal’s allure but the broader economic sentiments influencing investing behaviors. As risk appetite wanes among investors, possibly compounded by
0 Comments
As of Thursday, March 16, the EUR/USD currency pair hovers around 1.0887, caught in the intricate web of global economic fluctuations and trade tensions. Investors are exercising extreme caution, scrutinizing every piece of data and news that could affect currency strength. Despite the volatility, the EUR/USD pair displays commendable resilience. The current market atmosphere is
0 Comments
Bitcoin, the flagship cryptocurrency, has recently seen a sharp decline, leading to significant concern among traders and investors alike. Despite earlier ambitions to stabilize above the $90,000 mark, BTC faltered dramatically, dipping below the critical $80,000 support. This descent is alarming as it indicates a larger bearish trend that could reshape Bitcoin’s trajectory in the
0 Comments
Recent market movements in the natural gas sector reveal an intriguing shift. As we dissect the price fluctuations, it becomes apparent that a significant upward trend has emerged, challenging conventional expectations. The analysis points to an ascending channel formation that began capturing the market’s attention in late January. Initially, the bears seemed to have the
0 Comments
The Elliott Wave theory is a powerful tool in the realm of technical analysis, particularly prized for its ability to forecast market trends based on the psychological behavior of traders. The framework suggests that prices move in identifiable patterns, or waves, due to market sentiment oscillating between optimism and pessimism. This compelling methodology provides insights
0 Comments
The currency market can be a labyrinth of trends and reversals, often perplexing traders and investors alike. This week, the EUR/USD currency pair and the USD/CHF pair exhibited noticeable variations that offer insightful lessons in technical analysis and economic interpretation. Recently, the Euro gained ground against the U.S. Dollar, escalating past significant resistance levels. This
0 Comments