WHAT IS PIVOT POINT IN FOREX TRADING Pivot points are a popular technical analysis tool used in Forex trading to predict potential support and resistance levels. They are calculated based on the previous day's price action and are used to identify...
USD/ JPY/D1 USDJPY has been marking time in one place in a narrow price range for several days now. The bulls are making attempts to turn the situation around and send the pair north. You need to wait for the daily candle to close above the first...
* USDJPY: Bullish above the psychological level of 157.00, targeting the levels of 158.00, 158.60 and 159.00 * Bearish prospects below the level of 157.00 with potential targets at 156.50, 156.00 and 155.60 ...
Fundamental Analysis Friday's North American session saw a sharp gain in the price of gold as US inflation statistics raised market expectations that the Federal Reserve (Fed) will lower interest rates later this year. The political unpredictability...
The AUD/USD currency pair, representing the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD), is currently trading at approximately 0.6623. This level indicates that one Australian Dollar is worth around 66.23 US cents. The...