GBP-USD PAIR REVIEW Yesterday GBPUSD pair made a breakout against the lower Bollingerbands which formed a large bearish candlestick, while the two bullish candles after that were only small, so it is an early indication that this is just a...
The Euro (EUR) continued its upward trajectory against the US Dollar (USD) during the Asian trading session on Friday. The currency pair traded around 1.0860, building on the previous day's gains after rebounding from a two-week low of 1.0825. This...
The hammer candlestick pattern is a technical analysis tool used in forex trading to signal a potential reversal in a downtrend. It has a small body, a long lower shadow, and little to no upper shadow, resembling a hammer. Here's a breakdown: Small...
The Australian bone fell sprucely beforehand in Wednesday’s trading session, as the request hit a new low. In this case, it seems prudent to delay any action until the0.6450 position is targeted. The current request fear is unknown in recent memory...
In Forex trading, a pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames. It is calculated as the average of the high, low, and closing prices from the previous trading day. The...