USD/CHF Technical Analysis: Today, USD/CHF seems stuck in a consolidation phase of around 0.8780, with no strong push in either direction. The first resistance I watch is at 0.8820, right where the 50-day moving average sits. If the price breaks...
Important points about AUDUSD: The AUDUSD market has recently shown little positive reaction to the speech of the Australian RBA Governor or the release of the CPI rate. These key events typically have an impact on currency pairs, but in this case,...
Stop Loss and Take Profit in Forex Trading 1. What Are Stop Loss and Take Profit? Stop Loss (SL) and Take Profit (TP) are essential tools in Forex trading for risk management and profit realization. • Stop Loss: A predefined level where your trade...
EUR/USD is back up today, up 0.2% against the US dollar, reclaiming the 1.051 level while still hovering near year lows. The Euro is benefiting from a correction in US Treasury yields after reaching levels that look attractive for buying. That has...
General points about EURJPY: Yesterday, the EURJPY market followed a bearish trend and dropped below the 161.26 level, indicating that the sellers were in control during that trading session. This price movement suggests that downward pressure on...
