See also
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 by its price movement moving above EMA (21) gives an indication that in the near future XPD/USD has the potential to strengthen where the 908.09 level will try to be broken. If this level is successfully broken and closes above it, then 928.27 will be the first target and if the momentum and volatility support then 943.50 will be the next target but if on its way to the target levels suddenly there is a weakening correction that breaks through and closes below the 866.91 level then all the strengthening scenarios that have been described previously will be invalid and automatically wrong by themselves.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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If we look at the 4-hour chart of the GBP/CHF cross currency pair, there are several interesting facts. First, the appearance of a Triangle pattern followed by the movement
With the price movement of the AUD/CAD cross currency pair moving above the WMA (21) which has an upward slopes and the appearance of Convergence between the price movement
The eagle indicator has reached overbought levels. However, the metal could still reach the high around 8/8 Murray, which represents a strong barrier for gold. Below this area, we could
From what is seen on the 4-hour chart, the EUR/GBP cross currency pair appears to be moving above the EMA (100), which indicates that Buyers dominate the currency pair
With the appearance of Convergence between the price movement of the main currency pair USD/JPY with the Stochastic Oscillator indicator and the position of the EMA (100) which is above
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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