The USD/CAD pair has recently formed what I consider to be a strong signal for continued upward price movement. One of the key reasons behind this outlook is that the market successfully stopped its recent decline near the lower boundary of the...
TECHNICAL ANALYSIS OF GBP USD PAIR. The GBP/USD H1 chart is maintaining a constructive bullish structure after successfully defending the medium-term support zone near 1.3520–1.3530, where the 100-period and 200-period moving averages continue to...
Technical Analysis of the GBP/USD Pair 1. Chart Description: The attached chart is a 4-hour chart for the GBP/USD pair, which uses the Ichimoku indicator to determine the overall trend. Support and resistance levels are also identified on the...
On the H1 timeframe, the 200 SMA line sits at 78,837, representing a major support zone below current prices, while the 50 SMA line is positioned at 81,350, acting as immediate resistance just above. On the H4 chart, the 200 SMA line resides at...
I say economic data. Forex prices reflect expectations about a country’s economy and interest rates. Economic data (like inflation, jobs, GDP, or central bank decisions) changes those expectations, so traders buy or sell that currency accordingly....
