The GBP/USD currency pair experienced a rebound towards the 1.2650 level during the Asian trading session on Thursday. This upward movement was primarily driven by a weakening US Dollar. The US Dollar Index (DXY), which measures the greenback's...
PAIR REVIEW EURNZD As we can see, the bulls failed to break the first resistance level. At the moment, analyzing the situation on the hourly chart, we can note the EURNZD pair is in a bearish trend and is now trying to gain a foothold below the...
EUR/ USD Price Watch The EURUSD currency pair using a daily timeframe, where in the last few days the candlestick has indeed experienced a bearish condition far below the yellow Simple Moving Average 60 indicator. For this month's trading session,...
Why Stop Loss is Mandatory in Forex Trading? In Forex trading, a stop-loss order is a predefined instruction to close a trade automatically when the market price reaches a specific unfavorable level. This tool is not just an option but a necessity...
Technical Analysis USD/JPY H-4 The situation for the USD/JPY currency pair on the morning of November 21 is that the bulls could not cover their losses and, within the framework of a new growth wave, could not reach the local maximum. At 156.75,...
