What Is a Trend in Forex? A trend is the general direction in which the price of a currency pair is moving over a certain period of time. There are three types of trends: Uptrend (Bullish)rice consistently makes higher highs and higher lows....
The focus remains squarely on US economic data, as UK economic releases are notably sparse this week. Key US data points, particularly the JOLTS (Job Openings and Labor Turnover Survey) report, have garnered attention, with job postings surpassing...
GBP/USD From my perspective, GBP/USD is showing mild weakness today, mostly due to ongoing dollar strength and the lack of fresh support for the pound. The Bank of England is in a tough position right now—UK inflation is easing but still running...
Forecast of USDJPY As bears dominated this trading commodity, the USDJPY's daily time frame chart demonstrates how sharply the price dropped during the last few trading days. Today, the price finally hit a new support level and challenged it at...
ANALYSIS OF USD/CAD PAIR. The 30-minute chart for USD/CAD presents a clear depiction of sustained bearish sentiment throughout the majority of April, reflected in the well-defined downward slope of the moving average and a consistent pattern of...
