The GBP/USD currency pair, commonly referred to as "Cable," is currently trading at 1.2682. This price level reflects a bearish trend, indicating that the British pound is weakening against the US dollar. While the market has been moving slowly,...
A confident bullish candle has formed on the gold chart, closing near its highs without a proper correction. This pattern is a strong indication of continued upward momentum. Bullish candles generally suggest that buyers are in control and pushing...
Crude Oil Market Analysis: Bullish Trend Confirmed With Key Technical Indicator The current crude oil price is at 78.48 as of market close. Analyzing the H4 chart, the price is currently above the 50 and 100 SMAs (Simple Moving Averages). These SMA...
A trading strategy in Forex is a systematic plan that traders use to determine when to buy or sell a currency pair. This plan is based on predefined rules and criteria designed to achieve profitable trading outcomes. Trading strategies can be simple...
The EUR/USD currency pair experienced notable volatility last week. On Friday, it hit a six-week low, dropping to 1.0680. However, during the US market session, it managed a modest recovery, closing the trading week slightly above the 1.0730 level....