Outlook technical analysis: The recent resistance encountered by the CAD/JPY pair underscores the presence of significant selling pressure in the market. This resistance level may represent a key inflection point, where traders reassess their...
The NZD/USD currency pair is currently facing a resistance range at 0.5930, which also serves as an important profit-taking level. Traders should watch this range closely as it indicates where the price might encounter selling pressure, making it a...
Currently, the price is between 1.0986 and 1.0806, indicating the need for consolidation and clearing the path. On the H4 timeframe, the significant support level is at 1.0986, while the resistance level is at 1.0806. Traders should look for entry...
Doji candlestick chart pattern in forex trading. A doji (dо̄ji) is a name for a trading session in which a security has open and close levels that are virtually equal, as represented by a candle shape on a chart. Based on this shape, technical...
THE CURRENCY PAIR USD-CAD At the time of writing this post, the USDCAD currency pair, on the H1 chart, is flat and at 1.38321. The Instaforex indicator, which is on this forum, in the first part shows a slight advantage for buyers, in the range of...