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...
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...
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,...
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....
* 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 ...