What is Position Trading? Position trading is a long-term trading strategy where traders hold positions in the market for weeks, months, or even years. Unlike scalping or day trading, position trading is not concerned with short-term price...
USD/JPY Analysis – 1H Timeframe The USD/JPY pair is currently trading at 146.854, with recent price action showing a decline from the 151.211 high. The market recently found support around 144.551, leading to a slight recovery. Indicators...
NZD/USD NZD/USD Must Close Around 0.5850 For Maintained Sustaining Increase The New Zealand Dollar (NZD) is projected to move in a range of 0.5720 to 0.5850 against the US Dollar. In the long run, I believe the NZD needs close above 0.5850 to...
I observe that USD/JPY is still trading within the penultimate descending channel, and currently, the pair is approaching the upper boundary near the resistance level of 146.566. I believe that selling on a rebound could be a viable strategy unless...
NZD/USD - 1H Chart Analysis Market Overview: NZD/USD has been in a strong downtrend, dropping from a high of 0.58533 to a low of 0.55516. This sharp decline indicates that sellers are in control. The recent candles show some attempt at recovery, but...
