Drawing an equidistant channel in Forex trading involves creating two parallel lines that capture price movement within a trend. A channel consists of a support line (lower boundary) and a resistance line (upper boundary) that are equidistant from...
The currency pair has been trading within a narrow range above the critical support level of 143.46 during the early US session today. Market participants are closely monitoring upcoming interest rate announcements from both the Bank of Japan and...
The pair is currently under pressure from a strengthening of the dollar as investors brace for upcoming US GDP and Personal Consumption Expenditures (PCE) inflation data. Recent US Purchasing Managers' Index (PMI) data revealed that private-sector...
Techniacal Analysis : Technical Analysis is The study of historical price action in order to indentify patterns and determine probabilities of future movements in the market by studying price action and through the use of techncal indicators and...
Gold prices remain strong, rising even with positive US economic news. Normally, good economic data like the revised Q2 GDP growth and fewer unemployment claims would boost the US Dollar and increase Treasury yields, which usually puts pressure on...