The EUR/USD currency pair is currently in a downward trend, reaching a new 54-week low and falling below the 1.0500 level. This decline is primarily driven by the strength of the US Dollar and the weak economic outlook for the Eurozone. The US...
The AUD/USD currency pair experienced a brief recovery on Thursday, bouncing from recent lows. This rebound was primarily driven by a weaker US Dollar and supportive comments from Reserve Bank of Australia (RBA) officials. The US Dollar weakened...
AUD-USD H4 TIME FRAME If we look at the condition of the AUDUSD currency pair in the last two weeks which has been more dominantly moving in its bearish path, then it is likely to try to move down again targeting the decline target in the range of...
Why Stop Loss is Mandatory in Forex Trading? In Forex trading, a stop-loss order is a predefined instruction to close a trade automatically when the market price reaches a specific unfavorable level. This tool is not just an option but a necessity...
The chart shows GBP/JPY trading within a volatile range on the H1 timeframe. The price is currently fluctuating around the 195.97 level. Notably, the market exhibits both upward and downward swings, suggesting alternating periods of bullish and...
