How Economic News Impacts the Forex Market Economic news plays a major role in the Forex market because currencies are closely linked to the economic health of their countries. Traders around the world monitor economic reports and announcements to...
TECHNICAL ANALYSIS This is the H4 chart for BTCUSD.m Bitcoin vs US Dollar. Price is at 73598.21 after a sharp drop from the 80263 area down to a low near 73000. The chart shows a downtrend since mid May with lower highs and lower lows. Price is...
GBP/CAD M15 Post-Trade Analysis The GBP/CAD 15-minute chart presents a mixed market structure that transitioned from a bearish trend into a short-term bullish recovery before showing signs of renewed selling pressure. The overall market direction...
USD/JPY is currently trading near the 156.40 place in the H1 time-frame after preserving a consistent bullish restoration from recent intraday lows around 155.70. The pair stays supported by enhanced buyer momentum as charge continues to establish a...
Update — The EUR/GBP cross on the four-hour timeframe reveals a market ensnared in a wide consolidation range, with the price currently trading at 0.8664 after a partial recovery from the sharp decline that originated from the 0.8740 peak around May...
