GBP/USD technical outlook: The trading session commenced in a support area, where the price was propped up by the channel lines. The price has now advanced to the first resistance area, encountering opposition from both the weekly pivot level and...
* GBPUSD: Bearish below the level of 1.2770, targeting the levels of 1.2670, 1.2600 and 1.2560 * Bullish prospects above the level of 1.2770 with potential targets at 1.2830, 1.2890 and 1.2930 ...
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...
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 PRICE ACTION IN FOREX Price action in Forex refers to the movement of a currency pair's price, which is the basis for trading decisions in the price action trading strategy ¹ ² ³ ⁴. It involves analyzing market price movements, recognizing...