The market has taken a bearish turn, and a downward channel has opened up, indicating that sellers are currently dominating. As the downward momentum continues, I expect that the price will decline to the 157.515 level. This specific level is...
Understanding Spread in Forex Trading Forex trading involves buying and selling currencies, but have you ever wondered what the spread is and how it affects your trades? In this article, we'll break down the concept of spread in plain English. What...
The Pound Sterling has recently shown impressive resilience against the US Dollar, despite the latter's weakened stance. The US Dollar Index (DXY) dipped below 104.80, contributing to the GBP/USD pair climbing to 1.3040, marking a 0.41% increase....
NZD/USD ANALYSIS: Next week, the outlook for NZD/USD suggests a further decline towards the range of 0.5850-0.5825 in futures prices. This drop is anticipated as the pair seeks to test the accumulation of volumes in this area. The accumulation of...
Currently, the price is between 1.0986 and 1.0806, indicating the need for consolidation and clearing the path. On the H4 timeframe, the significant support level is at 1.0986, while the resistance level is at 1.0806. Traders should look for entry...