Fibonacci Retracement: Fibonacci Retracement is a tool used by technical analysts to identify key support and resistance levels. The support and resistance levels are plotted as horizontal lines and used to estimate likely reversal pointes during an...
The Swiss franc strengthened slightly on Monday. USD/CHF is currently trading at 0.8514, up 0.16% on the day. With US markets closed for the Labor Day holiday, it is unlikely that we will see much movement in the US dollar today. Swiss retail sales...
AUD/ USD Price Study We are currently engaged in the study of the AUD/ USD currency pair's pricing movement analysis. On Friday, the pair experienced selling pressure. Reviewing the daily chart, I observe a sideways trend over several days. The...
Spread : In Forex Trading the Spread is the difference between the Bid and Ask price. The "Ask" price is also known as the "offer" price. its the difference between the buyers and sellers prices. The bid repersents demand and the ask represents...
Reading the USD/CHF Prices Let's delve into the current price behavior analysis of the USD/CHF currency pair. Last week, buyers succeeded in forming a modest yet bullish candle on the chart, which, notably, has a pronounced lower shadow. This shadow...