GBP/USD Let's open the daily timeframe and see a fairly clear picture: earlier there was a rebound from the local minimum of 1.2100, after which the pound/dollar pair formed an ascending price channel, which was eventually broken by breaking...
Bitcoin experienced a modest rally in the early hours of Monday, bouncing the critical level of $ 80,000. However, the current graphic pattern is far from impressive, since the market seems to be stuck in a disorderly consolidation phase. Price...
EUR/USD The EUR/USD pair is hovering around 1.0845, showing a slight dip of 0.1% from yesterday. The price action remains within a tight range, with a battle between bullish and bearish forces shaping the next move. Technical Analysis: Recently,...
Analyzing the current situation with the euro/dollar and pound/dollar pairs, I observe that the market is in a state of uncertainty, particularly with the euro/dollar trading slightly below its local high of 1.0875. I note that the pair is currently...
Understanding Resistance in Forex Trading: A Key to Identifying Market Barriers In forex trading, the concept of resistance plays a crucial role in understanding price behavior, predicting market reversals, and developing successful trading...
