Support and Resistance in Forex Trading 1. Introduction to Support and Resistance Support and resistance are fundamental concepts in forex trading, acting as key indicators for predicting price movements. Support is a price level where a downtrend...
The spot price has shown resilience and strength following the Reserve Bank of Australia’s (RBA) recent monetary policy announcement. The RBA decided to maintain the Official Cash Rate (OCR) at 4.35%, marking the sixth consecutive meeting where the...
The GBP/USD currency pair experienced a reversal of its intraday gains, settling near 1.3311 during Friday’s Asian session. The British Pound, often referred to as "Cable," faced pressure amid a cautious market atmosphere. This shift in sentiment is...
The USD/CAD currency pair experienced a surge in demand during the Asian trading session on Thursday, likely driven by bargain hunting activity. This upward movement followed a recent three-week high near the 1.3620-1.3625 region reached the...
EUR/USD H4 MARKET ANALYSIS. Monitoring results from the 4-hour time frame chart show that the EUR/USD market situation was bullish last week as well, but this week's market situation is being pressured by sellers who are pushing the price higher…...