The GBP/USD pair is one of the most traded currency pairs in the forex market, known for its significant price volatility, which provides traders with profitable opportunities if market movements are exploited correctly. Currently, the pair is...
I observe that the USD/JPY pair remains entrenched in a bearish trajectory following a decisive breakdown of the critical support level at 151.00. I analyzed the daily chart and noted that the impulsive downward move activated the Fibonacci...
Conversely, the Shooting Star pattern is considered its bearish counterpart. It occurs when the price opens higher than the previous close, rallies during the trading session, but then sells off to close near or below the opening price. The long...
Core Points about GBPCAD: The Canadian unemployment rate came in quite positive, which generally indicates a healthy labor market and can be expected to support the Canadian Dollar. Despite this positive figure, the negative employment rate caused...
How to Use Chart Patterns: AUD/ USD I am assessing the live analysis of the pricing movements of the AUD/ USD currency pair. The beginning of the week gave the quote a temporary respite, but by the close of trading the situation had changed...
