In forex trading, resistance levels play a key role in identifying potential reversal points where the price may struggle to move higher. These levels are areas on the chart where the currency pair has historically faced selling pressure, stalled,...
The Euro fluctuated throughout the week, with the market showing uncertainty around key levels. The 1.10 level acts as a major resistance point, while the 1.09 level below serves as crucial support. This back-and-forth movement reflects the overall...
Gbpusd Technical Analysis: H4 Timeframe analysis: Hello, dear trading fellows. On Friday, the pair saw some buying activity, but throughout the week, it remained within a descending channel on the daily chart. The key question now is whether this...
The AUD/USD pair is currently trading within a range of 0.6763x, showing signs of upward momentum, although it hasn’t yet reached its highest resistance level. However, it's important to note that the price increase for today might be more dominant....
Managing Risk in Forex Trading: A Trader's Guide If there’s one thing I’ve learned in Forex trading, it’s this: managing risk is the name of the game. Sure, strategy matters, but without solid risk management, even the best traders can lose big....