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On Wednesday, the market may begin moving downward from the 1.2942 level (previous daily close), targeting 1.2905—the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may rebound upwards, aiming for 1.2977—resistance line (bold blue line).
Alternative Scenario: If the market starts declining from the 1.2942 level, it may target 1.2868 (23.6% retracement level, yellow dashed line). If this level is tested, the price may rebound upwards toward 1.2977—resistance line (bold blue line).
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
On the 4-hour chart of the Crude Oil commodity instrument, the Inverted Head & Shoulders pattern and Bullish Pattern 123 and Divergence between the #CL price movement and the Stochastic
With the appearance of Divergence from the Stochastic Oscillator indicator with the XPD/USD price movement on its 4-hour chart and the appearance of a Bullish 123 pattern followed
During the European session, the euro reached a new high around +2/8 Murray, located at 1.1473. This movement in EUR/USD occurred after the announcement by China's Ministry of Finance that
Early in the American session, gold is undergoing a strong technical correction after reaching a new high around 3,237.69 for now. Economic data from the United States will be released
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