Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
Hello everyone, I will be discussing the trend of the GBPUSD currency pair. The GBPUSD pair ended the trading week with a bullish candle, showing signs of bullish momentum. On the daily time frame, the currency pair has been in a clear uptrend,...
We will be exploring the analysis of the EUR/ USD Currency pair's price fluctuations. You have a level of 1.0698, while I have 1.0725, which only applies to Monday. We might update, so there's a chance to break higher as thirty minutes will unfold....
Good day, everyone! The downward slope of the linear regression channel indicates the strength of the sellers, who are aiming for the 2313.63 level. Movement is likely to slow down at this target level. Due to the weakening caused by the current...
USDJPY ANALYSIS. In a few trading days, the USDJPY market appeared to be a tug of war between sellers and buyers. At first, sellers controlled the market and pushed the USDJPY price down with a lot of force. They even succeeded in breaking through...