The chart represents the hourly timeframe (H1) for the USD/CHF currency pair. From a visual perspective, the pair appears to be in a downtrend, as indicated by the lower highs and lower lows. The current price is hovering around the 0.8824 level,...
EUR/USD is back up today, up 0.2% against the US dollar, reclaiming the 1.051 level while still hovering near year lows. The Euro is benefiting from a correction in US Treasury yields after reaching levels that look attractive for buying. That has...
Important points about AUDUSD: The AUDUSD market has recently shown little positive reaction to the speech of the Australian RBA Governor or the release of the CPI rate. These key events typically have an impact on currency pairs, but in this case,...
Stop Loss and Take Profit in Forex Trading 1. What Are Stop Loss and Take Profit? Stop Loss (SL) and Take Profit (TP) are essential tools in Forex trading for risk management and profit realization. • Stop Loss: A predefined level where your trade...
GBP/ USD Price Update We're studying the ongoing GBP/ USD currency pair price assessment. Today's price action in GBP/USD demonstrated the unpredictability of the market. Despite my expectations, after Friday's decline, the pair managed a...
