Day trading is where you buy and sell financial instruments, like currencies, within a single day. You close your trades before the market closes, so you don't hold any positions overnight. It's like a day job, but instead of working for a boss,...
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Technical Analysis and Market Insights for AUD/USD Current Market Overview: The AUD/USD currency pair is currently trading below its 20, 100, and 200-day simple moving averages (SMA), which confirms predominantly bearish sentiment. The daily...
The image provided is a technical analysis chart of the EUR/USD currency pair on a daily timeframe. It offers a detailed visualization of the price movements, trendlines, and key indicators that traders use to make informed trading decisions. Let’s...
D1 Chart Analysis of AUD/USD The AUD/USD currency pair is currently experiencing a strong downtrend. Despite some recent hesitation, the overall bearish momentum remains intact. The upward wave structure was decisively broken when the current...