After breaking through the resistance line of the daily channel (trend line), the bulls gave a signal to change the daily trend from downward to upward, with the subsequent attack on the next local resistance at around 1.09852. The bulls failed to...
GBP/CAD H_1 #GBPCAD (British Pound / Canadian Dollar). After inspecting the current chart of the currency pair/instrument on the H1 time frame, we can note favorable market conditions for bullish trades. In order to choose the most suitable position...
Initially, the euro tried to rally during the trading week but encountered resistance at the 1.09 level, sending the market lower. The euro later fell to 1.08 before rebounding. Overall, this market is still noisy and remote, making it hard to get...
Forex trading, or FX trading, is the process of exchanging one currency for another in the global market. The Forex market is characterized by its high liquidity, operating across various time zones. Beginners should familiarize themselves with...
Embarking on a forex trading journey can be both thrilling and overwhelming. This comprehensive beginner’s guide is designed to demystify the forex market and provide you with a solid foundation. We start by explaining what forex trading is and how...