This period of unpredictable market behavior led to temporary dominance by buyers, who managed to push the price above key levels. Despite this upward momentum, there are concerns that this dominance might be short-lived as the market adjusts and...
Good morning to all forex traders and readers. I hope you are all doing well. Today, we will be discussing the price action in the GBP/USD market. The GBP/USD chart shows that the pair touched the $1.3200 mark on Tuesday. Currently, GBP/USD is...
The ongoing GBP/JPY price rally was able to pass the resistance of 193.21. Most likely the price movement will head towards FR 127.2 - 196.10, then there is potential for a downward correction phase. Because several reversal signals that appeared...
What is range trading? Range trading is a trading strategy in financial markets where traders buy and sell within a defined price range, typically identified by horizontal support and resistance levels on a chart. The idea is to take advantage of a...
The USD/CHF currency pair is currently trading around the 0.8511 mark, and the overall market trend has been leaning towards the bearish side. This indicates a consistent weakening of the US dollar against the Swiss franc over recent periods. A...