Currency pair GBPJPY - let’s consider the chart of the D1 period. The wave structure on this chart has a descending character. After the last wave of decline updated the minimum of the previous one at the beginning of February, the third wave...
Understanding Resistance in Forex Trading: A Key to Identifying Market Barriers In forex trading, the concept of resistance plays a crucial role in understanding price behavior, predicting market reversals, and developing successful trading...
GBP/AUD Good Morning, guys! The overall market of GBP/AUD looks in favor of buyers these days, indicating a strong bullish sentiment. A steady upward trend has been observed, but it needs a correction process to start a bullish journey again. Market...
Analysis of GBP/JPY on H4 Timeframe Good evening, everyone. In this analysis, I will examine the GBP/JPY currency pair using the H4 timeframe. As of now, the price is trading below both the 21-period and 34-period Moving Averages, indicating that...
Analysis of AUD/USD on the M15 Timeframe The AUD/USD currency pair has shown a promising signal on the M15 timeframe, indicating that it may be a good time for analysis. Recently, the price has broken above a resistance level, suggesting that buyers...
