In Forex trading, a pivot point is a technical analysis indicator used to determine the overall trend of the market across different time frames. The pivot point itself is the average of the high, low, and closing prices from the previous trading...
The USD/JPY currency pair has been exhibiting a notable bullish trend this month. Since the trading sessions in March, the price has been consistently moving upwards, culminating in reaching the price level of 157.48 as of last week. This...
alternative option for price action when the support level is reached at 0.90112 would be a plan in which the price stabilizes below this level and moves further south. If this plan develops, I would wait for the price to break through the support...
What is Market Depth Profile? Detailed Components of Market Depth Order Book Structure: Top of the Book: This shows the best bid and ask prices (highest bid and lowest ask) along with the quantities available at those prices. Depth of the Book:...
USD/CHF: The USD/CHF currency pair currently presents a favorable opportunity for selling transactions, given that the strength of the sellers is clearly more dominant than the potential for buyers to change the situation. Given the current...