Technical Analysis of the USDJPY Pair The technical analysis of the USDJPY pair on the daily chart shows a negative price close, as the price channels were broken on the daily chart. Over the past two months, the price moved in a downward wave,...
West Texas Intermediate (WTI) crude oil prices plunged to a new low of $56.70 on Wednesday, a level not seen since January 2021, driven by a deteriorating global economic outlook. The imposition of a 104% US import tariff on Chinese goods has...
The NZD/USD currency pair has been displaying an upward trend since the beginning of the trading day, while still operating within a downward channel on the H4 (four-hour) chart. This situation presents a mixed outlook for traders and investors, as...
The chart above depicts the price movement of the NZDCHF currency pair on the H1 timeframe. So far, it appears that the NZDCHF has been exhibiting a stable bearish trend. This observation is reinforced by the position of the 200-period moving...
Stop Loss A Stop Loss is a risk management tool used by forex traders to limit potential losses on a trade. It is an order placed with a broker to automatically close a trade when the market moves against your position by a certain amount. Why Use...
