For oil on the weekly chart, the price was quite confidently pushed to the north, as a result of which a full bullish candle was formed, which was able to easily break through and confidently consolidate above the resistance level, which, according...
The GBP/USD currency pair, also known as "Cable," is currently trading around 1.2691, with a noticeable bearish trend. The recent price action suggests a sluggish market, but several factors indicate potential for significant movement in the near...
The Australian dollar faces potential downside pressure despite a positive labor market report. The RBA's hawkish stance and rising US interest rates are fueling demand for the US dollar. Although weak US data emerged, the US dollar remains strong....
The NZD/USD currency pair has been locked in a tense battle between buyers and sellers. After falling to 0.6115, the pair bounced back and is currently hovering around its 20-day moving average at 0.6140. Neither side has been able to decisively...
What is Pivot point in Forex Trading? Detailed Calculation of Pivot Points Pivot points are derived from the previous day's high, low, and closing prices. Here's a step-by-step breakdown of their calculationivot Point (P)=High+Low+Close3P =...