EUR/ USDrice Action Strategies We're currently analyzing the price action of the EUR/ USD currency pair. I was out of the market for a couple of days, and then the event happened! I didn't understand the reasons for what was happening, and I don't...
I observe that the price action is currently forming a "horseshoe" pattern, indicating a sideways trend within the range of 0.8510-0.8390. I note that the MA100 is moving parallel to the floor, which reinforces the flat market sentiment for the...
Take Profit In forex trading, Take Profit (TP) is an order that a trader sets to automatically close a position once it reaches a certain level of profit. It’s a key part of risk and money management and helps traders lock in gains without having...
USD/CHF Drops Sharply – What’s Driving the Decline? The USD/CHF currency pair has taken a steep dive, currently trading around 0.85454, down 0.54%. The sharp sell-off suggests that bearish sentiment is dominating the market right now. What’s...
The chart provided is a 1-hour candlestick chart of the Gold Spot/U.S. Dollar (XAU/USD) pair, showing price movements over a period from March 28 to April 4. The chart includes several technical indicators and annotations, such as buy/sell signals,...
