As we evaluate the price action of ETHUSD, a clear pattern emerges – a structure of lower highs and lower lows. This pattern indicates a downtrend in the market, reflecting the sellers dominating the buyers. This consistent series of lower highs and lower lows suggests a bearish sentiment in the market, where traders are taking
Technical Analysis
The UK 100 Index has recently showcased a significant uptrend, as it reaches and breaks through the upper Bollinger Band. This development points to a potential continuation of the bullish momentum in the market. The Bollinger Bands, a technical analysis tool, help traders identify levels of potential support and resistance. The breakthrough of the upper
The NZDUSD pair has been on an impressive winning streak, heading for its eighth straight day of gains. The bullish momentum is gaining strength, pushing the currency pair higher. However, there are concerns that this upward trend may be at risk of a negative correction. In this article, we will analyze the factors contributing to
The CHFJPY pair has experienced a slight decline in the past month, leading many traders to question the overall sentiment surrounding this currency pair. While there may have been some losses, it is crucial to examine the bigger picture and evaluate the long-term performance before jumping to conclusions. In this article, we will delve into
The AUD/USD pair has shown significant upward movement, surpassing the 0.6700 resistance zone. This surge in price can be attributed to the bullish trend line that is forming with support near 0.6745 on the 4-hour chart. The presence of this trend line indicates a positive trend in the market, providing investors with a sense of
The COVID-19 pandemic has had a profound impact on the labor force in the United States, as evidenced by a significant shift known as ‘The Great Reshuffle.’ With over 50 million workers resigning in 2022 and the trend continuing into 2023, there has been a clear desire for a better work-life balance, higher compensation, and