The NZD/USD market is currently caught in a tense tug-of-war between sellers and the looming impact of upcoming US news events. Sellers are actively trying to push the price below the key support level of 0.6175. However, their efforts are being...
The outlook for the Japanese Yen appears to remain strong, putting pressure on the GBP/JPY currency pair and influencing its movement upwards. This scenario is quite unusual since, typically, after a significant decline, prices tend to continue...
WHAT IS A PIVOT POINT? A pivot point is a is a used by forex traders as a price level gauge for potential future market movements. The pivot point indicator is used to bias as well as levels of , which in turn can be used as profit targets, stop...
USDCAD D1 Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can...
GBP/USD TRADING UPDATES H4 time frame: As an opening for analysis this afternoon I will monitor the journey of the GbpUsd pair which is planned to be the trading choice for next week. Based on observations from the 4-hour time frame chart, it shows...