Hedging in forex trading is a strategy used by traders to protect themselves against potential losses from adverse movements in currency prices. It involves taking an opposite position in a related currency pair or financial instrument to offset...
The U.S. dollar index (DXY) rallied strongly this week, boosted by expectations of a 25 basis point Fed rate cut in November and safe-haven flows amid rising tensions in the Middle East. Meanwhile, the GBP/USD pair saw a sharp sell-off following...
USD/JPY Analysisrice Momentum I'm currently monitoring the USD/JPY pair's pricing pattern, showing a strong bullish trend on the 4-hour timeframe, as the price holds above the Ichimoku cloud, pointing to continued upward momentum.During the recent...
The GBP/CAD market today opened at 1.7782. The EMA 12 and EMA 36 H1 are increasingly flat with both twisting each other following the increasingly unfree price movement at this time. The closest support and resistance are at 1.7759 and 1.7810 and...
USD/CHF The price is within an inverted triangle. Earlier today, it dropped to the lower boundary of this triangle, reaching 0.8242 before reversing upward. The pair will likely continue climbing, potentially reaching 0.8488. Once it hits this...