The 50% Fibonacci retracement level is a widely used but technically unofficial Fibonacci level in trading. While the official Fibonacci retracement levels are derived from the Fibonacci sequence (23.6%, 38.2%, 61.8%, 78.6%, etc.), the 50% level is...
On Saturday, ETH/USD experienced a slight gain of 0.59%, reaching approximately $2,470. This increase occurred even as Glassnode reported a drop in Ethereum's market cap dominance relative to Bitcoin. Despite the overall negative trend in Ethereum...
EUR/USD technical analysis Currently, EURUSD is trading at 1.0935. Since the morning, the price has shown a joyous sluggish moment, and we tested the daily SMA-50 at 1.0955. Prices are moving downward as the SMAs of 150, 200, and 50 fail, but buyers...
USD/JPY technical analysis Greetings to the Forex community. I hope you enjoy my most recent post analysis. Starting at 149.40, the dollar index declines. Currently, the US dollar is trading at 149.12 cents per dollar. There is a downward movement...
Fundamental analysis in the Forex market relies on daily economic variables and is heavily influenced by news events that can significantly move currency pairs. Many traders find this type of analysis challenging and often do not rely on it...
