GBPCAD ANALYSIS JULY 27, 2024 The GBPCAD pair price during this week tends to move sideways/ranging because the price fluctuates between the pivot point (PP) 1.7743 and the resistance (R1) 1.7802. There is no significant progress for the price to...
Monitoring the H4 timeframe for the USDCHF currency pair reveals a notable resistance level above the current price. This resistance area could pose a significant barrier to upward movement. Given the prevailing bearish trend, my strategy is to...
### EUR/USD Chart Analysis The EUR/USD chart reveals several critical support and resistance levels that traders should pay attention to. The first significant support level is near the 50% Fibonacci retracement of the upward move from the 1.0916...
GBP/USD H-1 1.3140. Today's focus is on the analysis of the price movements of the GBP/ USD currency pair. Today, the pair is trading within a tight range. The chart indicates that the pair has reached a support level of 1.2901 and is currently at...
What is the relationship between margin and leverage? Leverage” and “margin” refer to the same concept, just from a slightly different angle. When a trader opens a position, they are required to put up a fraction of that position’s value “in good...