At the beginning of this month, the price attempted to reverse the market trend by moving towards a bearish direction. However, the market conditions on the daily timeframe indicated that buyers were still in control, prompting the market to attempt...
High leverage in forex trading can increase potential gains and potential losses. While this allows traders to manage larger positions with smaller amounts of capital, it increases exposure to risk and market volatility Here is a rundown of the...
The USD/JPY currency pair is currently on an intriguing journey as it attempts to reclaim its upward momentum. Recently, the pair encountered a significant bounce in the 155.76 zone, a level that has proven to be a formidable resistance point....
Since late 2023, the EUR/CHF currency pair has been on a steady, albeit gradual, upward trajectory, endeavoring to recover from its significant declines in the preceding years. This currency pair, which tracks the value of the Euro (EUR) against the...
The AUD/USD currency pair on the M30 timeframe chart presents an intriguing picture with several conflicting signals, making it a challenging market to decipher. Currently, the moving average is positioned at approximately 0.6618. This level acts...