WHAT IS PIVOT POINT IN FOREX TRADING Pivot points are a popular technical analysis tool used in Forex trading to predict potential support and resistance levels. They are calculated based on the previous day's price action and are used to identify...
* GBPUSD: Bearish below the level of 1.2750, targeting the levels of 1.2650, 1.2600 and 1.2560 * Bullish prospects above the level of 1.2750 with target levels at 1.2830, 1.2870 and 1.2940 ...
Introduction Forex trading, also known as foreign exchange trading or currency trading, involves the exchange of currencies on the foreign exchange market. Traders use various methods to predict market movements and make trading decisions, and one...
WHAT IS MARKET DEPTH PROFILE Market depth profile, also known as market depth or order book depth, refers to the ability of a market to absorb large orders without significantly affecting the price of the security. It is a measure of the market's...
NZDUSD H1 The NZD/USD currency pair on the weekly timeframe has shown a significant rise in value. Recently, the pair managed to break through an important resistance level of 0.61669. This breakthrough then triggered additional upward momentum,...