The GBP/USD pair is currently trading around 1.3074, showing a bearish trend in the market. This suggests that the British pound has been weakening against the U.S. dollar, which may be driven by several factors such as economic indicators,...
The Importance of Choosing the Right Lot Size in Forex Trading In Forex trading, selecting the appropriate lot size is a crucial decision that directly influences a trader’s risk management, profitability, and overall success. Lot size refers to the...
What Is a Hook Pattern? The Hook pattern in technical analysis is a candlestick formation characterised by a unique hook-like structure. It reflects a potential shift in market sentiment, signalling the end of a prevailing trend. There are bullish...
In the dynamic world of forex trading, the USD/JPY currency pair has been exhibiting notable fluctuations, particularly during the European trading session. Recently, this pair has experienced a downward trend, with sellers managing to push prices...
In technical analysis, indicators such as the Relative Strength Index (RSI) and Exponential Moving Averages (EMAs) play crucial roles in predicting price movements and identifying potential support and resistance levels. A recent observation...