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The GBP/JPY pair appears to be trading in a bullish trend overall, as indicated by the price action moving above the red moving average line. This moving average acts as dynamic support and resistance, suggesting a continued upward trajectory. The...
The AUDNZD pair has essentially completed a retracement, with the price moving down from the FR 50 - 1.0972 level to the FR 61.8 - 1.0925 level. Additionally, the price that was rejected around the 200-day moving average has bounced back above the...
Technical analysis of GBPUSD Today I choose GBP/USD for technical analysis, the market price is rising and the market is starting to rise between the main resistance at 1.2610 and the main support at 1.2512. The market price is approaching...
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,...