Trends in the Forex Market: Which Trend Analysis is Better for Trading? The Forex (foreign exchange) market is one of the most dynamic and liquid financial markets globally. Understanding and identifying market trends is crucial for traders to make...
The USD/CHF currency pair is currently forming an interesting technical pattern known as the Butterfly Harmonic Pattern. This is one of the well-known harmonic patterns, recognized for its high accuracy in identifying potential market reversal...
Forecast of GBPUSD The price of the GBPUSD has been following the top and bottom levels of the ascending channel on the daily time frame chart for the past two months, which has caused the overall price to rise significantly. For the benefit of the...
I believe the USD/CAD pair’s recent drop to 1.4000 reflects a significant shift in market sentiment after a prolonged consolidation near 1.4300. I see this downward movement as a reaction to the broader weakness in the U.S. dollar, which has been...
USD/JPY Hourly Chart: The USD/JPY market is in a strong downtrend, and its price action reflects increasing bearish momentum. It is currently trading at 144.782, declining from recent highs. Market sentiment is bearish, with technical indicators and...
