Technical analysis is a method used by traders and analysts to predict future price movements by studying historical price data. This approach relies heavily on various tools and techniques, one of the primary ones being chart patterns. These...
TRADING UPDATES, EUR/JPY The price of the EURJPY pair has been very volatile for several weeks. The price range that moves up or down forms a high and a low of more than 300 pips. In fact, the price approaching the support (S1) at 167.22 already...
USD/ CAD /M30 Greetings. The USD/CAD trading pair recently closed USD/CAD daily M30 timeframe chart at a price of 1.3732. The previous trading session saw an upward movement where the price faced resistance at. Unable to breach this resistance...
EUR/JPY Analysis: Yesterday, after experiencing a minor downward correction, the EUR/JPY price reversed direction and continued its upward trend. This resulted in the formation of a new bullish candle that managed to stay above the previous day’s...
The GBP/USD currency pair is currently trading above the daily pivot level of 1.2730, indicating a positive market sentiment. The daily pivot level is a crucial tool used by traders to gauge the market's overall direction and potential price...