On the H4 time frame, the GBP/USD pair created a bullish candle after hitting the 1.2685 support level but has since resumed its downward movement. This suggests that the price is currently in a bearish trend. Over the past week, the price has been...
What is Spinning Top candlestick pattern In the world of candlestick trading, there are numerous patterns that traders use to identify potential trading opportunities. One such pattern is the Spinning Top candlestick, which is a versatile and...
EUR/USD This week, the EUR/USD pair is trading within upward-trending price channels that reflect the price movement from the previous two weeks. Currently, the price is at the lower line of these channels, providing support for a potential rise....
The Canadian dollar had a strong week, falling 1% against the U.S. dollar. dollars of the. On Friday, slow jobs data from Canada and the US. hot non-farm payroll news together sent USD/CAD up 0.70%. The Canadian dollar was unchanged at 1.3769 on...
Daily Four-Hour Chart Analysis in Forex Trading Introduction to Forex Chart Analysis Forex trading involves analyzing currency price movements to make informed trading decisions. Among the numerous tools and techniques, chart analysis stands out as...