Trend lines are a fundamental tool in forex trading, providing valuable insights into price movements and potential entry or exit points for traders. These lines are drawn on charts to visually represent the direction and strength of a trend. In the...
The EUR/JPY currency pair maintains a bullish trend as long as the price stays above the key support level of 161.56. Technical indicators confirm the strength of the uptrend, with the Relative Strength Index (RSI) above the neutral 50 level,...
Take Profit In forex trading, Take Profit (TP) is an order that a trader sets to automatically close a position once it reaches a certain level of profit. It’s a key part of risk and money management and helps traders lock in gains without having...
ANALYSIS OF AUD/CHF PAIR. The AUD/CHF pair on the 30-minute timeframe has exhibited a significant bearish trend, characterized by a steady decline in price action. The pair was previously maintaining a relatively stable range with mild fluctuations...
ANALYSIS OF EUR/AUD PAIR. The EURAUD H4 chart exhibits a pronounced uptrend, highlighted by a sharp rally that has recently led the price to break above a key resistance zone near 1.7710. The price action shows a well-defined ascending pattern,...
