WHAT IS PRICE ACTION IN FOREX Price action in Forex refers to the movement of a currency pair's price, which is the basis for trading decisions in the price action trading strategy ¹ ² ³ ⁴. It involves analyzing market price movements, recognizing...
The chart provided is a detailed technical analysis of the NZD/USD currency pair on a 4-hour timeframe from TradingView. It employs several key technical analysis tools and indicators, including Fibonacci retracement levels, a trend line, and volume...
The EURUSD currency pair has been on a downward trend recently, falling -1.57% from its peak to trough over the last few days. This decline is being attributed to a number of factors, including the EU parliamentary elections and the upcoming...
The British Pound is facing headwinds in early Asian trading on Tuesday, hovering slightly below 1.2730. This cautious trading comes ahead of the release of the UK jobs report later in the day. Investors are adopting a wait-and-see approach, wary of...
The EUR/JPY currency pair has seen a recent decline to 170.30, but it's still holding steady above a key support level at the 20-day moving average of 169.22. However, there are signs that further upward movement may be limited. On the bigger...