The EUR/USD pair maintains a bearish bias if it stays under the downtrend line. The currency pair could come back down if it fails to close the gap down. A bearish pattern around the downtrend line could announce a new leg down. The EUR/USD price loses altitude after reaching the 1.1231 level. The currency pair […]
EUR/USD 1.12 Holds, Gap Down Intact! Read More »
The trend line is the most flexible trading tool in forex marketing. According to technical experts, the trend is your friend, and detecting this trend is the first stage in solid trade. Therefore, a trendline assists technical analysts in determining the current price direction of the market. Trendlines Trendlines are immediately visible lines that traders
What is a forex trendline breakout strategy? Read More »
The triple exponential moving average (TEMA) was created to smooth price swings, making it simpler to discern patterns without regular MA lag. It accomplishes this by eliminating some of the lag from several EMA of the original EMA. In addition, it can assist in determining trend direction, signaling probable short-term trend shifts or pullbacks, and
What is a triple EMA trading strategy? Read More »
Investors prepare for the toughest sanctions yet as Russian assets disappear amid military attacks in Ukraine. More than $259 billion in stocks were liquidated as a result. The military offense in Ukraine affected markets globally, and a new battle for risk aversion began. Following Russian President Vladimir Putin’s decision to “demilitarise” its neighbor, Moscow’s capabilities
Equities Lose $250 bn, Russia to Hike Rates Soon Read More »
As traders, we encounter various chart patterns, such as Double and Triple Tops and Rectangles. The triangle trading pattern is also a chart pattern. It is the most common chart pattern, so we must understand how it works. What is a Triangle Chart Pattern? The simplest way to describe this is a narrowing range of
How to Trade the Forex Triangle Pattern? Read More »
Since 2014, oil prices have wholly broken to around $100 a barrel. Most markets have eventually fallen, and the ruble has reached record lows against the US dollar. This happened after Russian President Vladimir Putin had launched an offensive action in Ukraine. Stocks plunge, safe-haven assets rise Major European stock markets have opened 2.5% -4%
Russia Attacks Ukraine; Stocks Plummet, Oil Surges Above $100 Read More »
Most traders monitor their transactions on a single screen. Although a single frame is sufficient to decide, the utilization of many screens can be beneficial. Therefore, Dr. Alexander Elder proposed the triple screening system in 1986, but it is now widely employed in forex markets. It was created to remove misleading signs and signals by
What is the forex triple screening system? Read More »
First thing’s first; what is a 0.01 lot size? A 0.01 lot size means 1.000 units of any particular currency in forex trading. This is also called the Micro Lot, which we will discover later. If your currency pair involves USD, the pip value is $0.1 per micro lot. For example, if the price moves
Is 0.01 Lot Size Right for Me? Read More »
Every day, you are bound to read about complex forex information. Instead of the boring old stuff, we will mention the top 10 fun facts about forex trading. 1. Forex extends back to ancient times There is a notion that the first sign of forex erupted during biblical times. The Egyptian currency market dates back
Top 10 Fun Facts about Forex Trading Read More »
London has always been a hub for trading due to its strategic location. It is considered the forex capital of the world. For us forex traders, the London trading season is the perfect time for trading and finding opportunities. The key is to choose the correct currency pairs if we truly want to reap the
What Are the Best Pairs to Trade During the London Session? Read More »
