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...
AUD/USD Forecast Greetings and Good Morning guys! The market of AUD/USD pulled back and crossed the 0.6600 zone yesterday. And, the buyers can get benefits from the Australian Unemployment and Employment data release mints. Overall, I foresee an...
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...
* 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 ...