Intraday Forex Trading: Strategies, Techniques, and Key Considerations Intraday forex trading, also known as day trading, is a popular trading style where traders open and close positions within the same trading day. Unlike swing or position...
Understanding Resistance in Forex Trading: A Key to Identifying Market Barriers In forex trading, the concept of resistance plays a crucial role in understanding price behavior, predicting market reversals, and developing successful trading...
EUR/USD The EUR/USD pair is hovering around 1.0845, showing a slight dip of 0.1% from yesterday. The price action remains within a tight range, with a battle between bullish and bearish forces shaping the next move. Technical Analysis: Recently,...
I am currently analyzing the NZD/USD currency pair with the intention of opening long trades. My preliminary trading strategy involves entering the market from the 0.5715 level, targeting the 0.5778 level. I believe this setup is supported by the...
USD/JPY Technical Analysis The USD/JPY currency pair currently trades at 147.041, between key support levels at 146.42, 144.33, and 140.65 and resistance levels at 151.99, 154.87, and 158.90. The pair has shown strong bullish momentum, with buyers...
