On the H4 time frame, the GBP/USD pair created a bullish candle after hitting the 1.2685 support level but has since resumed its downward movement. This suggests that the price is currently in a bearish trend. Over the past week, the price has been...
GBP/USD Trading Analysis Greetings and Good Morning to Everyone! Today, the UK Claimant Count Changes and Average Earnings Index will bring changes and volatility in the market of GBP/USD. These economic indicators are pivotal, as they provide...
GBP/JPY Forecast Good Morning and have a profitable trading day! The GBP/JPY buyers are eagerly awaiting the results of the UK Average Earnings Index and Claimant Count Change. These key economic indicators will significantly impact the market,...
Gold Reclaims Some Losses Despite Strong USD, Gains Over 0.50%: Gold prices have bounced back, recovering some losses from the previous week. Even though the US dollar is strong, gold has achieved gains of over 0.50%. This resilience in gold prices...
WHAT IS PRICE ACTION IN FOREX Price action in Forex refers to the movement of a currency pair's price, which is the basis for trading decisions in the price action trading strategy ¹ ² ³ ⁴. It involves analyzing market price movements, recognizing...