At the current price of 1.0485 for the EUR/USD currency pair, the market sentiment remains firmly bearish, with the Euro facing continued pressure from a stronger US Dollar. This level sits close to the lower end of a broader downtrend that has been...
At the current price of 1.2600, GBP/USD is trading near a critical support and resistance zone, which has led to a period of consolidation. This level is significant as it marks a psychological boundary where traders are closely watching for a...
The CHF/SGD currency pair faced significant selling pressure in strong market conditions at the end of last week. The day before, this pair had lost its upward momentum when approaching the nearest resistance area in the daily timeframe at a price...
T E C H N I C A L _ A N A L Y S I S C L / CRUDE OIL Good morning to all forum friends and respected moderators. Yesterday, Crude oil traded slightly in the lower direction and closed the day around the 70.11 price area. Today, I want to analyze the...
Stop loss and Take profit Stop Loss and Take Profit are critical tools in forex trading that help traders manage risk and lock in profits. Here's a detailed breakdown: Stop Loss (SL): A Stop Loss is an order placed to automatically close a trade at...
