What is Intraday Trading in Forex? Intraday trading in Forex, also known as day trading, refers to the buying and selling of currency pairs within the same trading day. Traders aim to capitalize on short-term price movements by executing multiple...
GBPUSD TECHNICAL OUTLOOK The GBPUSD currency pair has recently encountered rejection at the 1.29560 level, suggesting a robust resistance zone at this price point. This rejection has created an opportunity for traders to assess the pair's trajectory...
The euro has increased aggressively towards the level of 1.09, but now it has difficulty maintaining its position above that brand. Many market participants are observing closely to see if the euro can break above the recent time of around 1,0940,...
The USD/CHF currency pair continues to navigate within a sideways channel, reflecting a period of consolidation in the market. Recently, buyers attempted to break through the resistance level at 0.8817, but their efforts were unsuccessful. Instead...
In the analysis of the EUR/JPY currency pair, specifically on the daily (D1) chart, we observe a bearish wave structure. After the most recent downward wave broke the previous low at the beginning of February, we can formally identify the onset of a...
