Support and resistance are among the most fundamental and widely used concepts in forex trading. They form the backbone of technical analysis and are essential for identifying entry and exit points in the market. Whether you are a beginner or an...
Support and resistance are crucial concepts for any trader who relies on technical analysis in the Forex market. Support and resistance are price levels that influence price movement, whether upward or downward. These levels have a significant...
CADJPY H4 /D1 CHART ANALYSIS Based on my analysis of CADJPY, I see that it is trading around the 116.00 handle on the daily timeframe, and the broader structure is still constructive, despite the recent pullback from the highs. Over the last several...
DAILY CHART ANALYSIS OF AUDNZD The AUDNZD daily chart shows a distinctly bullish trend with a price action construction of the ascending channel. The market adjusted from a consolidation phase at a 1.1500-1.1550 range (100.0% Fibonacci base) and...
DAILY CHART ANALYSIS OF USD/CHF The daily chart USD/CHF depicts a dominant bearish channel, with potential for a dip to higher levels, and makes a bullish correction, with price nearing a critical resistance area. The previous framework was...
