See also
Technical analysis:
EUR/USD has been trading sideways at the price of $1,1885. There is potential for the breakout play and new directional move.
Trading recommendation:
Watch for the breakout of the consolidation to confirm further direction.
Upside breakout of the resistance at the price of 1,1907 will confirm upside movement towards 1,1980.
Downside breakout of the support at 1,1850 will confirm downside movement towards 1,1780
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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
On the 4-hour chart, the Natural Gas commodity instrument appears to have a bearish 123 pattern followed by a bearish Ross Hook (RH) plus confirmation that the price movement
If we look at the 4-hour chart of the AUD/JPY cross currency pair, we will see a Descending Broadening Wedge pattern where this pattern gives an indication that
Early in the American session, gold is trading around 3,381, retreating after reaching a high around 3,397. Gold as a safe-haven asset is nervous due to geopolitical tensions around
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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