In my morning forecast, I paid attention to the 1.0722 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure out what happened there. Declines and the formation of a false breakdown gave a...
STOCHASTIC OSCILLATOR STRATEGY The Stochastic Oscillator is a popular technical indicator used in financial markets to predict price movements and identify overbought and oversold conditions. Developed by George Lane in the 1950s, the Stochastic...
GBP/JPY Pair Analysis: Bearish Trend Expected Next Week The GBP/JPY currency pair has shown significant resistance at the 200.62 level on the H4 time frame. This resistance level has proven to be a formidable barrier, with the price failing to...
The USD/CAD currency pair finally snapped a three-day losing streak, climbing near 1.3730 during early Asian trade on Thursday. This reversal comes after the Federal Reserve adopted a more hawkish stance, renewing demand for the US Dollar. Investors...
GBP/USD MARKET OVERVIEW Our conversation revolves around the current state of the GBP/USD currency pair's price behavior review. I anticipated impulses at the data output but expected less volatility. Nonetheless, these impulses provided new entry...