Fundamental Analysis of Currencies in Forex Trading Fundamental analysis is a cornerstone methodology in forex trading that involves evaluating the intrinsic value of a currency by examining economic indicators, geopolitical events, and monetary...
This week, there are signs of bullish momentum building in the USDCAD currency pair. The price has been testing a key support level around 1.35470, and there are two potential scenarios to consider. The first scenario involves a reversal candle...
We continue to consider the scenario for the USD/JPY currency pair. At the moment, the price is showing a corrective downward movement from the level of 156.10, which now acts as resistance. The asset is trading at historical highs. Over the past 20...
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Money flow index The Money Flow Index (MFI) is a technical indicator used in trading to gauge the strength and direction of money flow in a market. Developed by Gene Quinn, MFI is a popular indicator among traders and analysts, as it helps to...