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...
The USD/TRY currency pair continues to show signs of upward momentum as long as the key support level at 36.6224 remains intact. The pair has been maintaining its bullish structure, supported by strong technical indicators signaling further...
The technical analysis of the USDCAD currency pair on the H1 timeframe reveals several key insights regarding its price action and potential future movements. First, it's essential to identify significant levels of support and resistance on the...
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...
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...
