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...
Analysis of the Uploaded Chart Chart Description: The uploaded chart displays a candlestick pattern with Fibonacci retracement levels, which are used to identify potential support and resistance levels. The key features observed in the chart...
NZD/USD outlook: The price is trading within a broken channel retest pattern, indicating a continuation of the downward trend. This month, the price started trading inside a rising red channel, representing the previous month's movement. Initially,...
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...
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....