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...
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,...
The image displays another candlestick chart, featuring a technical analysis with indicators. Let's break down the key components and interpret the chart: Key Components: Candlesticks: Each candlestick shows the open, high, low, and close prices...
We can notice the effect of the US Non-Farm and Average Hourly Earnings rate on the USD/CHF pair. After the release of this news, the market of USD/CHF bounced up and reached around the 0.8970 zone yesterday. This movement indicates that the buyers...
USD/ JPY: The Role of Price Action Our conversation focuses on the evaluation of the USD/ JPY currency pair's present price action. On the hourly chart, the price remains within the ascending channel. Yesterday, the pair climbed to the upper limit...