The yen fell to a seven-year low on Monday as the Bank of Japan defied global monetary policy tightening, raising doubts that the central bank could interfere to support the currency for the first time since 1998. USD/JPY gains The yen fell more than 2% versus the dollar to 125, encouraging traders to predict additional […]
Yen hit a seven-year-old low; what lies ahead? Read More »
The hammer candlestick pattern is common in the forex market and can reveal vital information about trend reversals. Traders must realize that the hammer candle is about more than just seeing it on a chart. When considered inside the existing trend, price movement and the position of the hammer candle are both critical confirming criteria
How to trade the hammer pattern for forex day trading? Read More »
A flag pattern is. In fact, in the shape of a candlestick. It is a popular trading pattern that depicts the continuation of an underlying trend. This pattern gives us insight despite a big move already occurring. A flag pattern is formed after a sharp move and has a rectangular “consolidation” that gives it the
Trading With Bullish and Bearish Flag Patterns Read More »
The inside bar pattern is another formation, a type of candlestick pattern. This is essentially a two-bar candlestick pattern. When a particular bar has a high and a low that is completely contained by the preceding bar, we can conclude that it is an inside bar. We will begin by describing a little more about
The Inside Bar Breakout Trading Strategy Read More »
What are NFTs? Are NFTs worth investing in? What is the future of NFTs? Millions of NFTs are for sale, and hundreds of new projects appear daily. So how can you cut through the clutter when finding prospective NFT businesses to watch and maybe invest in? You may not want to use NFTs if your
Top 5 NFT Ideas to Follow and Invest Read More »
A pullback is mainly found when there is an up-trend. It is because forex pairs need to rest during a rise. The same pattern also holds for downward trends, i.e., a short pullback occurs when there is a sharp decline. The pullbacks provide an excellent pathway to enter the market, expecting the ongoing trend to
How to Set a Target in a Pullback Strategy? Read More »
To be successful in trading, you must know how to interpret patterns. This is a very interesting subject, and GM Hartley is a familiar name in this regard. He wrote a book named “Profits in the Stock Market” in 1935 on these patterns. Even today, they are of much use in the forex market. There
Are butterfly patterns reliable? Read More »
If you want to trade, you need to be aware of the basic similarities and distinctions between the traditional forex and crypto markets. Due to its dependence on internet-based facilities and gadgets, the forex market can be classified as traditional. Whereas the crypto market can be classified as contemporary. Both forex and crypto-currency markets now
Forex vs Crypto: Which one you should choose? Read More »
When trading, you should expect both ups and downs. Things are fine for investors when the price levels of their investments rise. However, the value of those investments will surely fall at some point. We all know that there are both highs and lows in a market. A sell-off, on the other hand, is distinct.
What is a sell-off in forex? Read More »
Have you heard of the word lemming before in financial markets? In the financial markets, a “lemming” is someone who follows the herd and buys security not because they performed their research and found it to be a decent buying opportunity but because everyone else was. In this guide, we’ll explain what lemming means and
What does lemming mean in the financial markets? Read More »
