Price Action – Main Concepts 1. Market Structure Market structure is the foundation of price action. In an uptrend, price generally forms Higher Highs (HH) and Higher Lows (HL). In a downtrend, price creates Lower Highs (LH) and Lower Lows (LL)....
GBPUSD Weekly Chart Analysis: Friday saw some selling pressure on the GBP/USD pair as it continued to drop from the region of the weekly high, or the 1.33478 level, where it started to retrace its slide from the day before. Spot prices fall at the...
Market Analysis and Insights: The currency pair has experienced sharp downward pressure recently, sliding down from its late-summer highs near 1.1630 to test crucial support around the 1.1460 handle. The overall market tone is heavily guarded,...
USDJPY. The weekly chart suggests there's no clear priority for up or downside. Buyers are looking at a general uptrend that's still in effect. Sellers are looking at a renewed historical high, which was the 2024 high. Until recently, they were...
GBPUSD 4-Hour Analysis: GBP/USD is currently trading at 1.33421. Last week's resistance broke over the 61.2% Fibonacci retracement level at 1.34841 for a fresh obstacle, indicating the presence of buying pressure and a bullish attitude inside the...
