Mastering the Basics: Understanding Common Chart Patterns in Forex Forex trading, one of the most dynamic financial markets, offers significant opportunities for traders to profit from currency price fluctuations. However, with the abundance of data...
USDCAD Weekly Forecast Current Market Situation The USDCAD currency pair is currently in a correction phase after reaching a multi-year high of 1.4700. Analyzing the weekly chart, the price dropped to 1.4221, testing a major support level before the...
Technical analysis of USDCHF Today I choose USD/CHF for technical analysis. The market price was falling a few days ago and broke the falling support level. But now that the market price has broken out of the selling structure, helping the price...
Understanding key technical levels in the market is essential for successful trading. The primary support level is at 1.2100, which has historically been a strong buying zone. A bounce from this level indicates bullish sentiment. The secondary...
AUDUSD Analysis The AUD/USD pair has broken out of the downtrend after a long period of decline. Recently, the price tested the critical resistance at 0.6450 and formed a bullish angle. This suggests that the uptrend is slowing down and a reversal...
