Support and Resistance – Analytics & Forecasts – 4 October 2023

Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. If price

TradePlus-Fx|GBPUSD: today’s setup – Analytics & Forecasts – 3 October 2023

💬Description: The British pound continues to update its lows and thereby break new local anti-records. The price has already dropped below the level of 1.21166 today, which strengthens the position of sellers, especially intraday. With a high degree of probability, we also expect a fall towards the daily support 1.18730. Considering the average daily move along with today’s news

FIBONACCI IN THE FOREX MARKET – Analytics & Forecasts – 2 October 2023

Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have a