Identifying a trend reversal in the forex market is one of the most valuable skills a trader can develop. A reversal occurs when the price changes direction after a sustained trend, shifting from an uptrend to a downtrend or vice versa. Recognizing...
AUDUSD TECHNICAL ANALYSIS *1. My first‑person read of structure and context* Price is printing 0.70305 after a session range of 0.70249 – 0.70370. The last 48 hours on this H1 tell a clear story. From 6 Apr 07:00 to 7 Apr 19:00, we were in a...
The AUD/USD currency pair is currently undergoing a period of high-tension consolidation, stabilizing near the 0.7050 mark after a volatile session that saw it relinquish a portion of Wednesday’s dramatic 1% surge. This recent price action, which...
I am analyzing the GBP/USD pair this evening and I acknowledge that my previous forecast did not unfold as expected, since I initially anticipated a moderate rise only up to the 1.33111 level followed by a decline. I am recognizing that the market...
The USD/JPY currency pair experienced a significant retrenchment on Wednesday, sliding approximately 0.66% as it pivoted away from the critical 160.00 psychological threshold to settle near 158.50. This level, which had remained largely unchallenged...
