A strong entry point in the forex market is fundamental to achieving success in trading. Establishing an effective entry strategy requires relying on a well-tested approach that has been validated over extended periods. A good entry point minimizes...
Technical Analysis of EUR/USD Last week, the euro tried to continue its growth, but it encountered a critical barrier and failed to break through it. The price touched the level of 1.1198 but almost immediately reached the level of 1.1121, after...
Technical Analysis of GBP/USD The sterling continued to grow last trading week and reached new local highs but faced stiff resistance, which forced it to continue moving higher. Having consolidated above the 1.3292 level, the pair was able to...
Last week, the GBP/USD pair reached a fresh 30-month high, nearing the 1.3430 level, following a significant interest rate cut by the US Federal Reserve (Fed). The Fed’s decision to reduce rates by 50 basis points (bps) marked its first rate cut in...
USD/JPY: Shigeru, Ueda, and ADP report The yen is losing ground again. After nearly a 500-pip rally, the Japanese currency has been falling against re greenback again. On Monday, the USD/JPY pair hit a two-week low, dropping to 141.66, reacting to...