The British pound against the Japanese yen attracted fresh selling in early European trading on Wednesday, halting a solid rebound from weekly lows as prices slipped below the psychological 216.20 level. Spot traded near mid-215.00 during the...
*Technical + Fundamental Analysis: USDJPYm H4* Current price: 160.178 *1. Technical Analysis* *Moving Averages: Bullish stack, testing 160.00 breakout* - *Blue line*: Fast EMA, likely 9 or 20 period. Sharp slope up at ∼160.00. It supported every...
Support and resistance are among the most fundamental concepts in forex trading, forming the backbone of technical analysis. Support refers to a price level where demand is strong enough to prevent the price from falling further, while resistance is...
Based on the chart image for Bitcoin (BTCUSD) on the H1 timeframe, here is the technical analysis and trading setup. Technical Analysis: Bitcoin on the H1 timeframe is exhibiting a clear bearish breakdown structure after a period of consolidation....
Why Trading is a Discipline, Not a Personality Trait The debate about whether Forex is for "geeks" or "addicts" is as old as the market itself. But if you look at the most successful traders in history, they don't fit into either of those boxes....
