The Average True Range (ATR) indicator The Average True Range (ATR) is a technical analysis tool used to measure market volatility. Introduced by J. Welles Wilder in his 1978 book "New Concepts in Technical Trading Systems," the ATR was initially...
GBP/USD Forum Analysis,Forecast Based on the H4 TF reference above, there is a downward condition to carry out a correction phase after the previous increase moved above the overbought area at the RSI 70 level. The current downward movement has...
Fundamental Analysis After failing to continue rising over the immediate resistance level of 1.1080 on Tuesday during the European session, EUR/USD retreats. The US dollar (USD) holds onto gains, approaching a nearly two-week high, as the US dollar...
What is pivot point in forex trading. What Are Pivot Points in Forex Trading? Pivot points are technical analysis tools used by forex traders to determine potential support and resistance levels in the market. They serve as a foundation for many...
The pair concluded a relatively quiet trading week close to its starting point, moving within a narrow range of just over 1%. Despite a brief attempt to push higher below the 1.1050 level on Tuesday, the pair ultimately drifted back to familiar...