The downward trend for the pair is broken; the pair is trading above the moving averages. Resistance 1.27074 is broken; divergence is observed on the indicator. A correction for the pair is possible, since it is trading above the moving averages...
EURUSD Technical Analysis The EURUSD pair is trading at 1.0878, hovering near the resistance zone of 1.0948. Using the Zigzag Indicator, which helps filter out market noise and identify significant price movements, we can see that EURUSD has been...
Moving averages play a crucial role in the slow stochastic oscillator, as they smooth out price data to provide clearer signals. By applying moving averages, traders can better identify trend direction and strength. When the %K or %D lines exceed...
I decided to go ahead with selling XAUUSD at the round level of 3000. However, I had some doubts, realizing that I might not be the only one thinking of selling at this price point. As a result, I opened a position with a slightly reduced lot size....
Risky Trading Strategy The Martingale System is a high-risk trading strategy that involves doubling down on losses to recover them with a single winning trade. Originally used in gambling, this method has been adapted to Forex, stocks, and options...
