What is Pivot point in Forex Trading? Detailed Calculation of Pivot Points Pivot points are derived from the previous day's high, low, and closing prices. Here's a step-by-step breakdown of their calculationivot Point (P)=High+Low+Close3P =...
EURGBP D1 In the EUR/GBP pair yesterday, after a slight northward retracement, the price reversed and was pushed down by a strong bearish impulse, resulting in the formation of a full bearish candle, which once again closed near the local support...
The Spinning Top candlestick pattern is a type of candlestick that signifies indecision in the market. It is characterized by a small real body (the difference between the opening and closing prices) and long upper and lower shadows (wicks). This...
USD-CAD PAIR FORECAST The bullish USDCAD pair is proof that the USD exchange rate is strengthening again and that there is still a lot of demand in the world of international trade. So if someone says that BRICS will threaten USD hegemony, I still...
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....