What is Pivot point in Forex Trading? In forex trading, a pivot point is a technical indicator used to identify potential support and resistance levels based on the previous day's price action. Pivot points are calculated using a mathematical...
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 picture,...
GBP/USD Predictive Analysis Shifting gears to the technical side, a four-hour chart analysis reveals an interesting dynamic for the GBP/USD pair. The price quotes struggled to breach the resistance level of 1.2726. This resulted in a "false...
### Current State of AUD/USD As of now, the AUD/USD currency pair is trading around 0.6676 and has been in a bearish trend. This indicates that the Australian dollar is weakening relative to the US dollar. The market movement has been slow,...
The analysis suggests that gold XAUUSD could face a bearish trend in the near future. The immediate target for the bears is to push the price down to 2309, which was the low reached yesterday. There is an ascending support line nearby that could act...