There are numerous candlestick patterns and these are divided into two main categories: continuation and reversal. Reversal formations help traders enter the market at the early stages of a new trend to make the most of the trend trading. 3 white soldiers pattern is one of these. It is a combination of three candles formed…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
EUR/GBP extends its decline as the Pound Sterling gains support from the BoE’s decision to maintain its interest rate. UK Retail Sales rose by 1.0% MoM in August, following a prior increase of 0.5%. Germany’s Producer Price Index (MoM) recorded a consistent increase of 0.2% for August. EUR/GBP continues to lose ground, trading around 0.8390…
Looks like the price will want to drop more. The sell traders might take over the market soon. USDJPY Weekly Price Analysis – September 20 The USDJPY price could drop more following the recent pressure from the sell traders as it begins to drop on the 4-hourly chart. Meanwhile, the drops could continue if the…
USDJPY: As anticipated, the Bank of Japan has opted to maintain its short-term rate target within the 0.15-0.25 per cent range following the conclusion of its two-day monetary policy review meeting on Friday. The BOJ maintains a cautious approach to raising rates, as it believes this could negatively impact economic activity and hinder the demand-driven…
GBPUSD: On Thursday, the GBP/USD currency pair reached a new 30-month high. A significant decline in the value of the US dollar prompted a risk-averse response in the cable market, resulting in a notable strengthening of the British pound. The Federal Reserve’s (Fed) 50bp rate cut this week has prompted a risk-on stance across global…
Event to pay attention to today: 18:00 GMT+3. EUR – ECB President Christine Lagarde Speaks EURUSD: On Thursday, the EUR/USD reached a high of 1.1150, consolidating at this level. The euro’s bullish momentum is largely attributable to a broad market sell-off in the dollar, rather than any specific bullish sentiment towards the euro. There is…
Reviews (1123) CapPlace 4 из 5 12 2323323 4 Vinay Great experience in trading. Working with them. A great financial market. I’m glad to start with Capplace. AdroFX 5 из 5 12 173 5 Louis My experience trading with Adro has been pretty successful. What I mainly like is that there is no commission and…
Reviews (1123) CapPlace 4 из 5 12 2323323 4 Vinay Great experience in trading. Working with them. A great financial market. I’m glad to start with Capplace. AdroFX 5 из 5 12 173 5 Louis My experience trading with Adro has been pretty successful. What I mainly like is that there is no commission and…
Brent oil price traded with clear positivity yesterday to reach few pips away from our waited target at 75.24$, showing some slight bearish bias, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the correctional bullish wave and surpass the mentioned level to open the way to…