EUR/USD responded to new demand and rose to 1.0750 in the European trading session on Thursday.
From a technical perspective, a positive signal is emerging as EUR/USD may be forming aa cup and handle. In this scenario, the expectation is for the price to continue rising to the first resistance level at 1.0727, followed by the psychological milestone of 1.0885.
In the US trading session on Friday, the price of gold (XAU/USD) faced pressure as it sought to reclaim near-record highs around 2,430 USD. Despite a slight decrease, the price of gold remained within its upward trend, supported by safe-haven inflows amid escalating tensions in the Middle East.
Looking at the chart, we can see that the price of gold is...
This is called an upward channel. It's upward because the trend lines are pointing up. It's a channel because the support and resistance trendlines are parallel.
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Hello dear friends. Acropolis under consideration.
1 candle - 1D TF.
Has been recruited by a major player for over 76 days.
An exit from the accumulation zone took place and provoked an impulse upward movement.
At the moment, the coin is consolidating in a whip, tapering wedge.
Follow the...
RSI reaching higher highs @70. How long can we keep it overbought?
DUST is reaching SMA(100) which has been the on a YTD downtrend. Hopefully we can brake through the 25$-26$ to change the direction of that main trend.
