The Cable faced a challenging trading session last Friday, grappling near the 1.2600 handle as bullish momentum faltered. Despite testing a fresh four-week high, buyers were unable to push the pair beyond 1.2690, leaving near-term momentum trapped...
Technical Analysis of EUR/USD H4 Timeframe Moving Averages Overview The EUR/USD H4 timeframe chart serves as a classic example of technical analysis, utilizing moving averages (MAs) and the stochastic oscillator. The white line is likely the...
Forex Indicators Forex indicators are tools used by traders to analyze price movements, trends, and market conditions to make informed trading decisions. These indicators are typically based on mathematical calculations applied to price, volume, or...
Based on the chart, it includes the **Ichimoku Kinko Hyo** indicator, which is used to identify trends, support and resistance levels, and momentum. ### **Chart Analysis:** 1. **Overall Trend:** - The price is trading at 2621.54 (Sell) and 2621.96...
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