a support level or a bearish engulfing pattern near a resistance level. Traders can also look for other technical indicators, such as moving averages or Fibonacci retracement levels, to confirm their ...
a wide range of factors, including economic indicators, interest rates, political stability, market sentiment, geopolitical events, speculation, and global trade. By staying informed about these facto...
the base currency, while the second currency is called the quote currency. For example, in the EUR/USD currency pair, EUR is the base currency and USD is the quote currency. 2. Bid and Ask Price: The...
price data, traders can identify patterns and trends that may indicate potential future price movements. Through the use of technical analysis, traders can make more informed decisions about when to e...
decreases. Government policies also play a crucial role in determining currency prices. Central banks, such as the Federal Reserve in the United States or the European Central Bank in Europe, can inf...