Candlestick Analysis Candlestick Analysis refers to a method of interpreting price movements in financial markets by analyzing candlestick charts. These charts display price data in a way that provides insights into market sentiment, potential trend...
Analysis Types In forex trading, analysis is crucial for understanding market trends, identifying opportunities, and making informed decisions. There are three primary types of analysis used by traders: Fundamental Analysis Definition: Focuses on...
Technical analysis of EURUSD Today I choose EUR/USD for technical analysis; the market price is falling. The market respects the trendline too much; the price moves up from the bottom and reaches the trendline, then the market price rises again. So...
The EUR/USD pair closed below the 1.0400 level during the North American trading session on Monday, reflecting a recovery in the US dollar after a sharp decline on Friday. The US Dollar Index (DXY), which measures the US dollar's strength against a...
Spreads In forex trading, Spreads refer to the difference between the bid price and the ask price of a currency pair. It is one of the primary costs traders face when entering and exiting trades. Understanding spreads is crucial because they...
