I observe the chart presenting a choppy and range bound structure, where price action fluctuates within a relatively narrow horizontal corridor around the 69700 level. The candles repeatedly test both upper and lower boundaries, indicating...
Understanding Leverage in Forex Trading: A Comprehensive Guide Leverage is a fundamental concept in Forex trading that can significantly impact your trading outcomes. In this post, Ill delve into the world of leverage, exploring its benefits,...
My Technical Analysis: NZD/USD 4-Hour Chart Looking at this 4-hour chart, I see NZD/USD in a well-defined downtrend that has been making consistent lower lows. Price has declined from the 0.59800 region, breaking through multiple support levels,...
Bitcoin Technical Analysis 1. Chart Description and Content We have a daily Bitcoin chart that uses the monthly pivot point indicator to identify key support and resistance levels as follows: Monthly Pivot Level: 69755 First Support Level: 63510...
USD JPY FORECAST The USD/JPY pair on the H4 timeframe is showing a recovery after a strong drop earlier this week. Price fell from the 160.60 level, making lower highs and lower lows, which showed strong selling pressure. However, the pair found...
