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GBP/USD Forecast Update – December 20, 2024
The GBP/USD currency pair has found solid support at the previously breached resistance of the bearish channel, which suggests the potential for a continuation...
GBPCAD Resumes Bullish Correction – Forecast for Today (18-12-2024)
The GBPCAD has resumed its bullish correction, recently surpassing the 1.8110 barrier. This move formed a double bottom pattern, reinforcing the continuation of the...
EUR/JPY Forecast – December 16, 2024
The EUR/JPY pair has successfully surpassed the 161.10 resistance level last Friday, achieving additional gains by reaching 161.98 and approaching the resistance line of...
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GBP/USD Forecast – December 16, 2024
The GBP/USD pair has shown weak price action today, stabilizing around the $1.2635 level. The bearish trend...
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Bearish Bets on Asian Currencies Rise Amid US Tariff Concerns
Bearish sentiment surrounding Asian currencies has intensified, with short positions on the South Korean won and the...
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EUR/USD Price Forecast Update – December 13, 2024
The EUR/USD pair remains below the $1.0475 level, showing weak price action since the morning. This confirms...
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What is the Ideal Spread in Forex?
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In the world of forex trading, one of the key factors that traders must consider when entering the market is the spread. The spread...
What is a Lot Size in Forex?
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Lot size in forex trading refers to the amount of currency being traded in a transaction. Understanding lot size is crucial for traders as...
GBPJPY Finds Strong Support and Faces Potential Bullish Reversal – Market Forecast for November 28, 2024
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The GBPJPY pair has recently encountered solid support at 190.70, halting the previous downward movement. This support, coupled with stochastic positivity, has led to...
EURJPY Nears Target – Forecast for November 27, 2024
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The EURJPY pair continues to exhibit strong bearish momentum, driven by consistent negative pressures. The pair recently broke through the support line of a...
CADJPY Faces Bearish Momentum – Forecast for November 27, 2024
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The CADJPY currency pair closed the latest trading session with a negative finish, settling below the 38.2% Fibonacci retracement level at 109.30. This move...
EURJPY Recovers Some Losses: Bearish Outlook for November 25, 2024
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The EURJPY pair has managed to hold above the support line of the bearish channel at 160.60, prompting a corrective bullish move. This has...
GBP/USD Price Forecast – November 22, 2024
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The GBP/USD pair continues its downward trajectory, attempting to break the key support level of $1.2566. This movement strengthens expectations of a sustained bearish...
EURJPY Reaches Negative Targets – Forecast for November 11, 2024
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The EURJPY pair has successfully hit correctional targets, touching a low of 163.42 and establishing a new support base. Following this, it rebounded towards...
EUR/USD Price Forecast Update – November 6, 2024
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The EUR/USD pair has decisively broken below the 1.0760$ level, reaching our initial target of 1.0700$ and reinforcing expectations of further bearish movement throughout...
GBP/USD Forecast Update – November 6, 2024
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The GBP/USD pair has successfully reached our initial target of 1.2866$ and is currently testing this level from below, reinforcing the expectation of continued...
U.S. Dollar Closes Lower on Taipei Forex Market
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Taipei, Nov. 4 — The U.S. dollar experienced a decline against the Taiwan dollar on Monday, falling by NT$0.007 to close at NT$31.961. During the...
Does Bearish Mean Buy or Sell?
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In the world of finance and investing, terms like "bearish" and "bullish" are frequently thrown around. Understanding what these terms mean and how they...