Types of Charts in Forex: Line, Bar, and Japanese Candlestick Charts Introduction Forex trading is highly data-driven, and traders rely on various types of charts to analyze price movements, spot trends, and make informed trading decisions. Three...
On the USD/CAD H4 time frame chart. As Canada is one of the largest oil exporters globally, the strength of the loonie is closely tied to fluctuations in oil prices. When oil prices drop, as they have recently, it exerts downward pressure on the...
The Awesome Oscillator indicator suggests a downward trend, which supports the NZDUSD pair's potential decline. Furthermore, the histogram volume in the negative region, below zero, remains relatively wide. Even if an upward correction occurs at the...
Taking a closer look at Silver's price dynamics, the metal has gained strength, moving past $32.00, consistent with recent movements in Gold. Yet, it confronts a key hurdle in the form of daily resistance at $32.134., a level it has tested four...
USD / CHF: Today's H4 Time Frame Road Map The bulls are at the 0.8654 level and this New York time zone proves beneficial for them. Thus, they can keep pressuring bears or sellers today. Besides this, the current price action is offering clear...