Technical Analysis

In recent trading sessions, gold has showcased dramatic fluctuations, initially surging past the critical $2,900 threshold and peaking above $2,920. However, this rally was met with a sharp correction, sending the price back into a more stable range. The interplay between buyers and sellers has led to significant movements, prompting analysts to scrutinize the technical
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The Elliott Wave Theory posits that market prices evolve in predictable patterns due to the collective psychology of investors. Investors and traders utilize this theory to forecast future market movements based on historical price patterns. In the context of the FTSE index, recent analysis suggests that we are currently witnessing a distinct five-wave impulse following
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In early February, the U.S. administration’s announcement regarding tariffs significantly impacted the USD/CAD exchange rate, pushing it to a staggering 22-year high. The speculation and uncertainties surrounding these tariffs have created substantial volatility in the foreign exchange market. The initial excitement, however, was met with a rapid decrease in the USD/CAD pairing when the implementation
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Bitcoin, the flagship cryptocurrency, has recently become embroiled in a notable downturn, experiencing a decline of over 6% in trading sessions spanning Asia to early Europe. This decrease reflects a broader trend of risk aversion that has permeated financial markets, primarily driven by uncertainties linked to U.S. tariff policies. Investors, cautious in their approach, have
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The USD/CAD currency pair has recently displayed a poignant recovery after dipping below significant exponential moving averages (EMAs). This rebound has generated a spectrum of emotions among traders, especially as the implications of impending tariffs loom on the horizon. As the market navigates this intricate landscape, it is essential to dissect the factors contributing to
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The USD/JPY currency pair is currently experiencing a phase of consolidation around the 149.33 mark, as the Japanese yen has paused its impressive rally to maintain a position near four-month highs against the US dollar. This stabilization comes as uncertainty looms over the potential escalation of US trade policies, particularly under President Donald Trump, whose
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In recent days, Bitcoin’s price has seen a significant downturn, dropping below $89,000 for the first time since November 2024. This decline is particularly noteworthy as it marks a shift in the market’s reaction to political events, particularly the spike during Donald Trump’s presidential victory. Historical price movements demonstrate that Bitcoin often reacts to major
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In the dynamic world of forex trading, thorough analysis is essential for identifying potential shifts in currency pairs. Recently, both the Australian Dollar (AUD) and New Zealand Dollar (NZD) have displayed interesting movements against the US Dollar (USD). This article delves into the technical trends that could shape the future of these currency pairs, focusing
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