The USD/ZAR chart displays a clear upward trend since 2019, characterized by higher highs and higher lows. An ascending channel pattern has formed, with the price currently trading within its boundaries. Key resistance levels are observed at 19.8128, 19.6694, and 19.34313, forming potential supply zones where selling pressure has previously been observed. Key...
The Dow Jones Industrial Average chart displays a clear upward trend since 2020, characterized by higher highs and higher lows. An ascending channel pattern has formed, with the price currently trading within its boundaries. Key resistance levels are observed at 45,124.0, 44,820.6, and 43,388.8, forming potential supply zones where selling pressure has previously...
Certainly, here's a paragraph summarizing the technical analysis of the EUR/USD trade idea based on the provided chart:
The EUR/USD chart exhibits a clear downward trend since 2020, characterized by lower highs and lower lows. A descending channel pattern has formed, with the price currently trading within its boundaries.
Key resistance levels are observed at...
