The Pound Sterling (GBP) is celebrating a significant rally today, fueled by the Labour Party’s decisive victory in the UK general election. With a projected majority of around 170 seats, the Labour Party is set to replace the Conservative Party...
EUR/USD Price Move The EUR/USD currency pair's price action will be the subject of our analysis and discussion. Today, the EUR/USD pair is trading within a range. The chart shows that the pair tested the 1.0909 support level and is now trading at...
USD/CHF: News and Sentiment I am focusing on the current price action dynamics of the USD/CHF currency pair. As observed on the chart, the pair attempted to test the resistance level of 0.8581 but fell short and is currently trading at 0.8529. The...
USD/JPY H-1 Hello to all forum members! Good afternoon. The USDJPY pair attempted growth, which was stopped by the level of 147.94, and went into a rollback from it. The growth changed TF M15 and TF H1 to bullish, which foreshadows continued growth...
What is flag chart in forex trading. In the context of technical analysis, a flag is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of...