Understanding key technical levels in the market is essential for successful trading. The primary support level is at 1.2100, which has historically been a strong buying zone. A bounce from this level indicates bullish sentiment. The secondary...
The USDJPY market stands at the 149. 24 mark, signifying strong selling activity in the past week. A bearish trend is still observed, indicating that market feelings lean towards further declines. Price movements show ongoing selling pressure, with...
GBP/USD For the GBP/USD pair, they were unable to continue growing further and, as expected, went into a rollback, breaking through the support of the reference point 1.2649, continuing to decline to the support of 1.2590, where I was considering a...
Mastering the Basics: Understanding Common Chart Patterns in Forex Forex trading, one of the most dynamic financial markets, offers significant opportunities for traders to profit from currency price fluctuations. However, with the abundance of data...
The USD/CAD currency pair saw a rise during the European trading session on Friday, hitting the significant resistance point of 1. 4200. This climb followed a recovery from a threeday low of 1. 4166, recorded on Thursday. The pair's growth was...
