NZD/USD H4 NZD was unable to extend its gains during last week's trading as it faced strong resistance at 0.6198, but this resistance was enough to withstand the pressure and force the price lower, which later reached -0.6126 in the midrange. Here,...
GBP/JPY ANALYSIS UPDATE According to probability theory, continuation of movement is 66 percent and reversal is 33 percent. So, betting on a sale is a 33% probability bet at current prices. But if you wait until the pair is pulled below the middle...
News for trading Today, we have low and medium-impact news only. The forex market is going to be calm today unless there is breaking news which of course will cause the market to move much. There won’t be enough volatility in the forex market today....
USD/JPY H-1 Looking at USD/JPY through Fibonacci numbers. In yesterday's trade, the Fibonacci network I installed (which I tied to the daily high) equaled the Fibonacci levels 100-161.278. The lower Fibonacci level is 0-160.264, which is in...
GBP/USD Forecast Greetings and Good Morning to Everyone! A sideways condition can be observed on GBP/USD today, primarily due to the lackluster performance of buyers in recent sessions. This lack of decisive movement necessitates careful...