This week’s trading session has witnessed a significant bullish movement in the USDCAD currency pair. On Monday, there was a notable attempt by the sellers to push the price downward, leading to a correction that temporarily brought the price down...
The diffused lamp is an important example of a candle used in technical analysis to identify potential changes in the market. It consists of two candles with the second candle completely covering the body of the previous candle, indicating a sharp...
Technical Analysis of Australian dollar/US dollar Last trading week, the Australian dollar traded in a previously restricted range, failing to break out of it. The price initially fell to the 0.6573 level, but having encountered significant...
FOREX TREND ENVELOPES Forex Trend Envelopes: A Comprehensive Guide In the world of Forex trading, identifying trends and making informed investment decisions can be a daunting task. One effective tool that traders use to navigate the markets is the...
Price Action Analysis of GBP/USD 4H Chart Today, I will be dissecting the trend of the GBPUSD currency pair. On Friday, the GBPUSD pair moved downward. I had anticipated that the price would move upward, unfortunately, the price moved in the...