GBPCHF pair which is consolidating around the EMA 50, it appears to be between the pivot point (PP) 0.9408 and the resistance (R1) 1.1130. If the price will continue the downward rally in accordance with the bearish trend, it needs to pass the pivot...
Achieving wealth is a universal aspiration, and for many, the Forex market represents a potential pathway to financial freedom. However, the reality is that only a small fraction—less than one percent—of traders manage to achieve significant wealth...
The New Zealand dollar (NZD) is currently facing downward pressure against the US dollar (USD), with the NZD/USD pair trading near 0.6260. A stronger US dollar, driven by higher interest rates and a resilient labor market, is weighing on the New...
Hammer Candlestick Chart Pattern The Hammer candlestick pattern is a popular single-bar formation used in technical analysis, signaling potential bullish reversals in the market. It is widely used by traders to identify the end of a downtrend and a...
The pair experienced modest declines during the North American session, reaching a three-week low of 1.3067 before bouncing back slightly. As traders anticipated the Federal Reserve's upcoming monetary policy decision, the pair regained some ground,...