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...
Market Analysis Overview In the daily chart analysis, the wave structure is showing an upward trend. The MACD indicator is also in the upper zone and growing above its signal line. Since the beginning of March, prices have surged upwards...
British Pound to Japanese Yen Price Chart - 5 Minute GBP/JPY Technical Analysis – 5-Minute Chart The GBP/JPY pair has recently shown significant price action, transitioning from a bearish structure to a potential bullish recovery. The price...
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...
In my analysis of the USD/CHF currency pair, I've determined that I will only consider entering a sell position if the price rises to 0.9034. This level is significant for me as it offers a favorable opportunity to set a strong stop-loss level at...
