The dollar is rapidly rising for the second day in a row and has renewed record values for almost a year. The dollar index, which reflects the rate against six key world currencies, jumped 0.56% on Wednesday and reached 94.3 points – the highest since November last year. The Euro against the US dollar also […]
The dollar broke off the brakes in anticipation of the tsunami of US debt Read More »
If we talk about the main purpose of Forex charts, these charts are generally used to depict the movement of currency prices as time passes. Thus, in forex trading, you will notice a constant change in currency prices with time. For a smooth and hassle-free experience in forex trading, considering using forex charts is of
Top 3 Must-know Forex Charting Tools Read More »
Market participants often trade securities using chart patterns. For example, the stock price moves in a specific direction when it resembles a rectangle, rounding, triangle, Cup and handle pattern, etc. Thus, a pattern, entry point, and risk-rewarding ratio can easily be defined to quickly find a good entry point. Cup and handle patterns are nothing
How to identify and trade Cup and handle trading patterns? Read More »
After a year and a half of zero interest rates and a “printing press” policy, the US Federal Reserve is preparing to hit the brakes. The US central bank plans to soon cut back on the asset repurchase program, through which nearly $ 4 trillion has been injected into the markets since the start of
Fed Unfolding Policy, Greenback to Fly amid Tightening Read More »
The daily high low technique is a breakout strategy based on the highs and lows of the daily chart. Forex investors rely heavily on the daily timeframe, as most significant market investors use it to plan their investments. So, we can say that any strategy utilizing the daily timeframe generates better results than a strategy
The daily high/low trading strategy: Is it worth it? Read More »
The electricity tariffs have soared 40% in Germany and France over the past two weeks. In countries like the UK and Spain, governments rush to take emergency measures to protect consumers. As a result, from aluminum smelters in Mexico to fertilizer plants in England, plants are temporarily shutting down. The markets are furious. Some argue
Weather, Supply Disruptions to Exalt Gas Prices Read More »
Forex traders must know how to interpret charts if they are committed to actively trading stocks. Technical analysis relies heavily on charts. Price patterns can be identified more quickly using this visual representation. Additionally, charts help FX investors to get a clearer picture of price movement over time and make informed trading decisions. Most traders
The Significance of Point and Figure Chart in Forex Read More »
Every trader’s calendar includes the meeting of the Federal Open Market Committee (FOMC). A series of meetings are held every eight months, and all investors prepare for it in advance. Since this meeting is one of the essential indicators of the United States economy’s future, there is usually much market movement before and after the
How to trade the FOMC market news? Read More »
Trend trading is among the most popular forms of trading. With the super trend trading system, short-term trends are exploited to ride and get on board for price moves. What is a super trend indicator? The super trend indicator created by Olivier Seban is supposed to work on different timeframes. It works for forex, equities,
Super trend Indicator Trading Strategy Read More »
Talking about candlestick patterns has become the most common knowledge to be used as technical analysis for trading. These patterns consist of long wicks and coloured bodies, with which you can easily read the price action and get yourself access to numerous trading opportunities. Bearish one black crow is the most common candlestick pattern. It
How to use one black crow candlestick pattern? Read More »
