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A breakdown of the local resistance level of 0.7105 (July highs) may provoke further growth in NZD / USD to resistance levels of 0.7240 (38.2% Fibonacci retracement in the global wave of the pair's decline from 0.8820), 0.7300. More distant growth targets are located at resistance levels 0...
The USD is little changed in broad terms as markets consolidate after Friday’s USD losses made around Fed Chairman Powell’s comments—which teed up a late year taper but which also stressed that higher rates would not necessarily quickly follow the taper...
Central Bank Interest Rates On a macro level, there is no larger influence in exchange rate values than central banks and the interest-rate decisions they make...
In case of breakdown of the important resistance level 1.1825, further growth towards the key resistance levels 1.1885, 1.1905 can be expected. Breakdown of the long-term resistance level of 1...
Since the beginning of the year, IOTA has been growing and falling along with other popular cryptocurrencies and the cryptocurrency market in general. The IOTA coin, which is known as one of the most efficient projects in the cryptocurrency market, traded at $ 2...
Choosing the right currency pair to trade without using a currency strength indicator is one of the most difficult tasks for a forex trader. Trying to determine from the price chart which currency is strong and which is weak can be quite difficult and tedious...
One of the best forex day trading systems that a beginner should consider is to sign up for a signal service. For those who don't know, forex signals are offered by experienced currency traders who conduct technical and fundamental analysis throughout the day...
Dogecoin burst onto the scene in early 2021, bringing in huge returns to investors who have bet on the digital currency...
The Pound Dollar GBP/USD currency pair ends the trading week near the 1.3705 area. The pair continues to move within the framework of the correction and formation of the “Wedge” pattern...
The Euro Dollar EUR/USD currency pair completes the trading week near the 1.1758 area. The pair continues to move within the framework of the correction and the beginning of the development of the large “Head and Shoulders” reversal pattern...
2015, 368 pages, by Fred Tam For a book that is from 2015 we expect some “NEW” information, new trading techniques, new “Whatever”… Well, this is NOT the case. It is a very well-written and structured book but lacks at the very minimum, backtesting...
EUR/USD: Three Hawks and a Dove in Jackson Hole ● The return of the EUR/USD pair to 1.1700-1.1900 was predicted by 35% of experts supported by 25% of oscillators that showed it was oversold. After renewing the annual low of 1.1665 on August 20, the pair did go into a correction, reaching 1...
At the time of this posting, Brent crude oil futures are trading near strong resistance at $ 70.66 per barrel. Below this resistance level, the downward corrective price dynamics remains. Therefore, the breakdown of the short-term support level of 69...
It takes time, practice and a lot of dedication to become a successful trader. You cannot expect to dive head first without some preparation and expect to be successful. Forex trading is no different. Forex trading is a great way to diversify your portfolio...
Direct Market Access (DMA) gives traders direct access to global stock exchanges, which speeds up your transactions and lowers your costs. By using DMA, you place your order online and it is immediately subject to direct market execution...
Day trading Forex involves buying and selling currency pairs in order to generate short but frequent profits. In all cases, with the exception of a few, you will never hold an open position for more than a day...
Advantages Bollinger Bands are visually easy to interpret They can be used both as a volatility indicator and a momentum oscillator Bollinger Bands can be applied on any underlying asset across any time frame The indicator generates signals that not only provide precise entry levels, but also spe...
If the corrective growth of EUR / USD continues, then the breakdown of another important short-term resistance level 1.1797 will be a prerequisite for growth towards the resistance level 1...
Currency RSI Scalper Demo is a professional indicator based on the popular Relative Strength Index (RSI) indicator. This product is an oscillator with dynamic overbought and oversold levels, while in the standard RSI, these levels are static and do not change...
