In forex trading, resistance levels play a key role in identifying potential reversal points where the price may struggle to move higher. These levels are areas on the chart where the currency pair has historically faced selling pressure, stalled,...
GBP/USD technical analysis H4 chart The market price experienced a low of 1.3020 this week, and then it rebounded higher, closing the week at 1.3060. If the market price falls below the 1.3050 area on Monday, then it may fall next week and...
We have seen an improvement in market sentiment over the past week. The Canadian unemployment rate fell and the employment rate was very good. However, US news data was negative. So, if we carefully analyze the fundamental effects of the US dollar,...
On the USD/CHF D1 chart, the currency pair is currently trading at the 0.8571 level, which reflects a clear trend. Recent price action shows sustained downward pressure as the pair continues to battle between a weak US dollar and a resilient Swiss...
EURUSD technical analysis H4 chart This week, market prices fell, with the market testing a high of 1.0995 and a low of 1.0900. On Friday, the market price tried to break through the 1.0900 area but failed and closed above this level. Next week, if...