NZD/USD continues to trade with a weak undertone near the 0.5870 region during Thursday’s European session, and the daily chart still leans in favor of sellers despite recent stabilization attempts. The pair managed to recover modestly from April...
Greetings. It's good that the EUR/USD pair is expected to fall. I'm continuing to trade south. A clearly defined trading plan is essential for trading. Based on the most reliable forecasts, I'm planning a decline in EUR/USD quotes. The four-hour...
The "Labor Market Capitulation" Stall: AUD/USD Compresses into a Potent Triangle Pattern Near 0.7126 as a Dovish RBA Pivot Cripples the Aussie's Yield Premium The AUD/USD spot exchange rate surrendered its early weekly gains on Thursday, May 21,...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis. The market price has risen steadily, and a closed channel has been formed. The market price is currently fluctuating wildly between 1.1621 resistance and 1.1586 support. If...
Understanding Support and Resistance in Forex Trading What Are Support and Resistance? Support is a price level where a downtrend tends to pause or reverse upward due to buying interest. Think of it as a "floor" where demand is strong enough to...
