Price is declining below the pivot point. The cause behind the downtrend is that the price has been making lower highs and lower lows at the resistance line at $0.6267 and breached the pivot point. Price may consolidate after rebounding from the first support at $0.4809 and may rally again by forming a new demand zone at the support line. A bullish divergence is...
Price breached support at $0.58154, plunged to $0.515 and retraced back to $0.56702. The cause behind the retracement was increased demand which formed a demand zone (highlighted area) and could help rally the price. RSI shows a bullish divergence which is another confirmation of a bullish price. In order to enter the market, we need to wait for the price to climb...
Apple's stock price has rebounded from its support level at the bull flag pattern, experiencing a significant upward surge. The pattern for November and December 2023 suggest that the year will end on a high note, potentially forming a bullish candlestick on the chart. This development would confirm a breakout from the inside bar candle of 2022, signaling a robust...
The Australian Dollar continues to appreciate even after the RBA (The Reserve Bank of Australia) decided to hold rates and their statement was interpreted as dovish. The Eurozone economy continue's to contract with PMIs contracting, inlfation still high and sticky, and the ECB (European Central Bank) decided to cut growth forecasts for next year. Many Euro...
