The AUD/USD currency pair has been exhibiting notable price action recently, characterized by critical resistance and support levels that traders should closely monitor. Currently, the initial important resistance level is identified at 0.6914. A...
What is range trading? Range trading is a strategy used in financial markets, particularly in stock, forex, and cryptocurrency trading, where traders identify a range within which the price of an asset fluctuates. They then buy the asset when its...
EURUSD We open the daily chart for the EUR/USD pair and see that earlier, after a rebound from the local minimum of 1.0665, the EUR/USD pair switched to an upward trend and then an upward price channel was formed, within which the major reached the...
GBPAUD Pair Analysis Current Market Sentiment The GBPAUD pair seems to be experiencing a weakening bullish trend. The price has been unable to cross the resistance level (R1) at 1.9642, despite earlier upward movement above two moving average lines....
Technical Analysis of EUR/USD Good morning fellow traders. Today, we'll conduct an analysis of the EUR/USD market, which could be quite beneficial for trading this week. Let’s delve into the current chart prepared on the Daily (D1) timeframe. At...
