What is Price Action? Price action in forex trading refers to the analysis of historical price movements and patterns of a currency pair to make informed trading decisions. It focuses on interpreting raw price movements rather than relying on...
The Japanese pair has experienced a steady rise, marking its fourth consecutive trading day of gains as of Thursday. This positive movement can be attributed to the US Dollar (USD) finding support after the release of better-than-expected US...
The current exchange rate for the Australian dollar stands at approximately $0.6655, reflecting a period of stability in the foreign exchange market. Analysis of daily charts reveals that the AUD/USD pair is currently moving within a rectangular...
during the early Asian trading hours on Thursday. The modest recovery of the US dollar (USD) might be limited amid reduced bets on the US Federal Reserve's (Fed) rate cut this year. On Wednesday, the Canadian dollar (CAD) was trading thinly,...
EUR/ USD Price Insights We will be exploring the analysis of the EUR/ USD Currency pair's price fluctuations. The pair broke through the bullish border of the descending channel at 1.0715 and the psychological level of 1.0701. Following this, during...