As the week began, GBP/USD closed at approximately 1.3212, marking a decline of about 0.4% despite a late-week rebound from lows below 1.3117. A sparse economic calendar in the UK provided GBP traders with a brief respite following a sharp...
USD/JPY: Simple Trading Tips for Beginner Traders Analysis of Trades and Tips for Trading the Japanese Yen The test of the 139.90 price level occurred when the MACD indicator was already significantly below the zero line, limiting the pair's...
AUD/USD There was a back-and-forth session for the British Pound on Tuesday, and we continue to see resistance at the 1.20 level. As a result, the market will struggle with the 0.6720 level again, as three separate attempts to break above this level...
In my morning forecast, I focused on the 1.3203 level and planned to use it as a basis for market entry decisions. Let's look at the 5-minute chart and break down what happened. The rise and formation of a false breakout at 1.3203 created an...
The USD/CAD 4-hour chart presents a recent bullish shift after testing multiple downside liquidity zones (D-Liq) in the 1.35000 region. This bounce indicates a potential reversal in the short term, with buyers defending key support levels. The price...