NovaFX23

NovaFX23

The GBPAUD currency pair has developed a head and shoulders pattern on the 4-hour chart. After today's economic data release, the price fell sharply and broke through the neckline of the pattern. This indicates a likelihood of further declines ahead. The next potential support levels to watch are 1.9413 and 1.9350.

NovaFX23

After a strong upward trend last week, Silver has now paused its advance and is consolidating. Currently, an Indecision pattern, specifically a symmetric triangle, is forming on the 1-hour chart. The price is testing the boundaries of this pattern. If there is a bearish breakout, with a 1-hour candle closing below the support line, we could see a downward...