First, if the price breaks below the 168.02 level, it indicates that the sellers have gained control, and further decline is expected. This level acts as a critical support, and breaking it suggests that the market sentiment has turned bearish....
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USD/CAD Technical Analysis Even though the blue channel line has been rising above the monthly level of 1.3765, it is essential to note that both provide resistance for the price from the current level in line with the higher blue channel line. With...
Margin vs Leverage Are you looking to enter the world of forex? Everyone is enthusiastic about forex these days, but many people are losing a lot of money because of the high leverage. For all newcomers, forex leverage and margin might be puzzling,...
GBPUSD The market closing above 1.7500 indicates that prices will continue to rise towards 1.2600. The third resistance level is 1.2700, reaching this level indicates a strong uptrend. This move not only shows strong sentiment, but also shows that...