I observe that USD/JPY is still trading within the penultimate descending channel, and currently, the pair is approaching the upper boundary near the resistance level of 146.566. I believe that selling on a rebound could be a viable strategy unless...
USD/CAD USD/CAD Increases Significantly to Approach 1.4240 Following US And Canadian Jobs Statistics Key Analytics: USD/CAD rises to around 1.4240 following the announcement of employment data from both the United States and Canada. The Canadian...
Trading by volume is a fundamental concept in financial markets that plays a crucial role in analyzing price movements and making informed trading decisions. Volume refers to the total number of shares or contracts traded during a specific period,...
NZD/USD - 1H Chart Analysis Market Overview: NZD/USD has been in a strong downtrend, dropping from a high of 0.58533 to a low of 0.55516. This sharp decline indicates that sellers are in control. The recent candles show some attempt at recovery, but...
What is Position Trading? Position trading is a long-term trading strategy where traders hold positions in the market for weeks, months, or even years. Unlike scalping or day trading, position trading is not concerned with short-term price...
