On the fifteen-minute chart of the EURUSD pair, I observe that the price is currently moving in a southerly direction toward the horizontal support line. I believe this movement indicates a potential correction phase, which could lead to a reversal...
Importance of Support and Resistance Levels in Trading Support and resistance levels are fundamental concepts in trading that help traders make informed decisions. These levels act as psychological barriers in the market, influencing price movement...
AUD USD general point As of March 16, 2025, the Australian Dollar (AUD) is trading against the US Dollar (USD) at approximately 0.6585. Technical Analysis and Forecast: Recent technical indicators present a mixed outlook for the AUD/USD pair. The...
I observe that the EURUSD pair is currently trading above its moving averages, signaling a bullish shift as the prior downward trend has been invalidated. I note that the recent breakout above resistance at 1.07766 reinforces this upward momentum,...
The pair is currently trading above the moving averages, which suggests a potential bullish bias in the market. However, I notice a divergence on the indicator, which indicates a possible decline in the near term. Since the price is still above the...
