In analyzing the current status of the USD/JPY currency pair, it is essential to delve into its pricing behavior and forecast potential movements. As it stands, indications suggest that a decline may commence from the prevailing levels, possibly...
The chart provided illustrates the NZD/USD client positioning as tracked by IG Client Sentiment. This analysis focuses on the sentiment of traders regarding the NZD/USD currency pair over a specific period in early June 2024. Let's break down the...
WHAT IS A PIVOT POINT? A pivot point is a is a used by forex traders as a price level gauge for potential future market movements. The pivot point indicator is used to bias as well as levels of , which in turn can be used as profit targets, stop...
GBP/JPY CURRENCY PAIR ANALYSIS: The price increase for this month can be said to be not very significant. The GBP/JPY currency pair has clearly been undergoing a downward correction, despite the dominance of buyers in recent weeks. As of now, the...
USDCAD D1 Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can...