Introduction: Forex trading, the largest financial market in the world, involves buying and selling currencies with the goal of making a profit. It's a dynamic and exciting field, but with high potential rewards come high risks. That's why effective...
The wave structure for this older period still shows an upward trend, but the MACD indicator is already declining within the lower sell zone and below its signal line. The MACD indicator shows a significant bearish divergence, even though it has...
If we lose touch with the GBP/USD currency pair, the market is likely to be pushed downwards, presenting a great opportunity for sellers. Several factors contribute to this potential decline, indicating that the market could reach 1.2780 in the near...
The EUR/JPY currency pair remains stuck around the 168.00 level, trading sideways with a slight downward drift. Any potential bounce appears to hinge on the 20-day simple moving average (SMA) acting as support. Adding to the cautious market...
GBP/USD/H1 For the second day in a row, the price of the British pound against the US dollar GBP/USD is trying to rebound higher, but its gains did not exceed the level of 1.2698, which is stable near it at the time of writing the analysis. The...