The yen traded within a narrow range against the dollar during early European trading on Tuesday, hovering near multi-month lows reached in the previous week. Investor skepticism surrounding the Bank of Japan's (BOJ) plans for further interest rate...
USD/CHF Technical Analysis: Right now, USD/CHF is trading around 0.8550, showing a slight bullish bias. I’m keeping an eye on key support at 0.8520 and 0.8500, while resistance sits at 0.8580 and 0.8600. RSI is hovering near 55, suggesting mild...
Importance of Time Frame in Forex Trading The time frame in forex trading refers to the duration over which a trader analyzes price movements on a chart. Choosing the right time frame is critical, as it directly influences trading strategies,...
USDJPY currency pair - let’s look at the D1 period chart today. During this senior period, it catches the eye how clearly the bearish divergence worked out, which was earlier in November on the MACD indicator. There was a good descent that ended in...
Technical analysis of USDCAD Today we will be doing a technical analysis of USD/CAD. What is the quality of market support and resistance levels? The broader market has also broken support, which is now set as resistance, which will be the next...
