Support and Resistance Support and Resistance in Forex Trading Support and resistance are fundamental concepts in forex trading that help traders identify potential price levels where the market might reverse or pause. These levels are essential...
AUDUSD TECHNICAL ANALYSIS The AUDUSD market situation is starting to show signs of buyers again pushing the AUDUSD price up, what I observe is that pressure from buyers is starting to appear because the AUDUSD price position is around the 100 EMA...
Technical analysis of the GBPUSD pair During the previous two trading weeks, the general trend of the price movement was a downward trend, which led to the beginning of trading in a selling zone where there are descending price channels as well as...
GBP/CAD H-1 CHART Hello, dear traders! Let's try to figure it out on GBPCAD on TF = H1. Parabolic is more suitable for me to determine a change in trend. The current reading is 1.7604. The previous candle closed at 1.7610. The Parabolic indicator...
The GBP/USD currency pair on the hourly timeframe (H1) offers an intriguing view of market dynamics, characterized by shifts in momentum and key levels that traders can analyze for potential opportunities. From a technical perspective, this pair...
