Mastering the Basics: Understanding Common Chart Patterns in Forex Forex trading, one of the most dynamic financial markets, offers significant opportunities for traders to profit from currency price fluctuations. However, with the abundance of data...
Technical Evaluation of EURJPY Today, we will analyze EUR/JPY from a technical perspective. How reliable are the support and resistance levels in the market? The market has broken past the support level, which is now acting as resistance; this will...
The currency pair EUR/USD faced considerable resistance last Friday, finishing down by 0. 44% at approximately 1. 0450 after encountering resistance at the important 100day Simple Moving Average (SMA) close to 1. 0540. This reversal indicates a...
GBP/USD maintained its upward trend on Friday, moving past the 1. 2650 mark as the US Dollar (USD) showed renewed weakness. This increase in the pair was driven by US economic data that underperformed expectations, particularly the SP Global...
The USDJPY market stands at the 149. 24 mark, signifying strong selling activity in the past week. A bearish trend is still observed, indicating that market feelings lean towards further declines. Price movements show ongoing selling pressure, with...
