The Average True Range (ATR) is a technical analysis indicator used in forex trading (and other markets) to measure market volatility. Introduced by J. Welles Wilder Jr. in his book "New Concepts in Technical Trading Systems," ATR helps traders...
GBP/NZD’s outlook revolves around its ability to respect the pivot point at 2.1717, a crucial marker that could determine whether the pair achieves the projected rise of 92 to 137 pips. The preference for a rebound to 2.1920 highlights the market’s...
The GBP/USD currency pair shows a notable potential for a bearish movement, as highlighted by the technical indicators and pivot point at 1.2205. Currently, the price stands below the pivot point, which serves as a significant resistance level. The...
The EUR/USD currency pair experienced a setback on Friday, closing 0.20% lower at approximately 1.0285. This decline reflects the pair's ongoing struggle to break above the 20-day Simple Moving Average (SMA), indicating a persistent resistance to...
The GBP/NZD pair faces a critical juncture, oscillating between the potential for a rise of 92 to 137 pips and the risk of further declines. At the heart of this outlook lies the pivot point at 2.1717, a level that represents the tipping point for...
