New York forex trading is among the most liquid forex trading sessions worldwide. There is typically the most liquidity during the US session, which overlaps with the London session of the forex market. Read on to find out how you can trade these sessions effectively and which are the best currency pairs to trade in […]
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Occasionally, you will encounter the term “pullback” when reading about analytic outlooks on price movement. You can trade against the trend using pullbacks in many trading strategies. Do you think it is a wrong concept since theory often teaches to follow the primary trend? You must know about a pullback strategy and how traders can
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On Wednesday, riskier currencies rose from recent lows, while safe-haven currencies like the yen fell against the dollar as Asian markets relaxed their concerns over the Omicron variant. CNY’s new highs In the aftermath of better-than-expected manufacturing figures from November, the Chinese yuan CNY, a beacon of resilience in a stormy few days, reached a
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After Federal Reserve Chair Jerome Powell indicated a rapid reduction of stimulus despite the dangers surrounding the Omicron COVID-19 variant, the safe-haven yen stayed firm on Wednesday. At the same time, the risk-sensitive Australian dollar fell to a one-year low. Investors are concerned that fast monetary tightening may suffocate the fledgling economic recovery, even though
Fed Chair remains hawkish, Yen highs and Aussie slumps Read More »
Something surprising happened this Tuesday Asian afternoon, Risk-sensitive currencies slid, and safe havens gained. It took things in the opposite direction after Moderna’s CEO said that it is unlikely that the COVID-19 vaccines will be as effective against the Omicron variant as it has been with other types. The world is in for yet another
Daily Forex Round Up: Aussie and Kiwi dips, Yen climbs, and uncertain USD Read More »
The dollar edged higher, the euro fell, and the yen steadied on Monday as currency markets reversed some of Friday’s moves, calming after the initial shock of discovering a new coronavirus variant. The Omicron shocks Initially discovered in South Africa, the Omicron variant sparked worldwide concern, with financial markets falling on Friday on worries that
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The Marubuzo is a one-candle pattern. It indicates the direction of a trend. The word “Marubozu” means “baldhead in Japanese.” The candlestick pattern gets its name from the fact that it has no wicks. What is the Marubozu candlestick pattern? When a Marubozu is present, the price opens at the high and closes at the
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The Golden Cross is a candlestick chart pattern that gives a bullish signal. When a short-term moving average crosses above a long-term moving average, it is called a crossover. What is the Golden Cross? The Golden Cross is a bullish pattern. It is formed from a crossover of short-term moving averages like 9-day and a
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The death cross is a technical pattern that signals the end of a bull market and the beginning of a bear market. When a short-term moving average (50-day) passes below a long-term moving average, it is known as the Death Cross (200-day). The X-shape generated when the short-term moving average falls below the long-term moving
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The piercing pattern consists of two candlesticks. It indicates a reversal from the bearish to a bullish pattern and appears in a downtrend. What is the Piercing Candlestick Pattern? The bullish second candle follows the bearish first candle of the Piercing Pattern. The bearish candle starts high and ends around the bullish candle’s bottom. The
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