Types of Technical Analysis in Forex Trading 1. Chart Patterns Chart patterns, such as head and shoulders, double tops, and triangles, are used to predict future price movements. These patterns highlight areas of potential reversals or continuations...
USD / CAD: Today's Recommendation The price of USDCAD hit the support area of 1.3936 yesterday, marking a significant point in the market. Today, my recommendation is that the bulls can take action and push the price toward the 1.4078 level. This...
The USD/JPY pair is currently positioned near a critical pivot point at 153.10, which will determine its next significant move. A bearish outlook is favored if the price drops below this level, with targets at 151.70 and, in extension, 151.25. These...
•••USD/JPY: Key Technical Levels and Market Outlook November 27,2024••• The USD/JPY pair is experiencing tight price action today, with the current buy price at 151.77 and sell price at 151.74. The narrow spread highlights ongoing consolidation,...
EUR/USD has only traded below parity (1.00) twice in its 25-year history. EUR/USD is in danger of falling from its almost two-year range between 1.05 and 1.12. A confirmed breakout could put the psychologically significant 1.00 level back on...
