The Australian dollar moved back and forth slightly during Wednesday’s trading session, reflecting market uncertainty over its next direction. The 0.6650 level has proven to be an important resistance area, and it is not surprising to see a pullback...
ALWAYS USE A STOP LOSS Always Using a Stop Loss: A Crucial Risk Management Strategy for Traders As a trader, managing risk is just as important as identifying profitable trades. One of the most effective ways to limit potential losses is by always...
In recent trading, the pair experienced some fluctuations during the US session on Thursday. After a noteworthy three-day rally that brought the pair to the 1.2870 level, its highest point since July 2023, the momentum appears to have waned...
Analysis of Trades and Tips for Trading the Japanese Yen The test of the 147.12 price level occurred when the MACD indicator moved significantly below the zero line and remained in the oversold area for a considerable period. This was sufficient to...
The D1 moving average line is a crucial tool for traders, particularly those involved in currency pairs like USD/JPY. This line, which represents the average price of an asset over a defined number of days, is primarily used as a trend indicator....