Analysis of the GBPJPY pair in the H-4 time frame. The GBPJPY pair during this week did not experience too much intense volatility. Prices tend to move around the EMA 50 and pivot point (PP) 193.36. Although it appears to be moving up, prices have...
Craft Winning Trades: AUD/USD Prices Currently, we are dissecting the AUD/USD currency pair's price action assessment. The currency pair is performing technically well today. After analyzing the H4 time frame, I identified the activation of a...
The price of gold (XAU/USD) traded in negative territory around $2,650 for the fourth consecutive day in early Asian trading on Monday. The US dollar rose further after upbeat US non-farm payrolls data on Friday, putting some selling pressure on...
The GBP/USD currency pair is currently trading around the 1.30140 level, and the market is experiencing a bearish trend. This suggests that the British pound (GBP) is weakening against the U.S. dollar (USD). The current downtrend appears to be...
In Forex trading, a classic triangle pattern refers to a type of chart pattern that forms when price action consolidates within converging trend lines to form a triangle shape. There are three main types of triangle patterns, each of which indicates...