In the Foreign Exchange (FX) and Contracts for Difference (CFD) trading industry, “regulatory shopping” continues to shape the landscape. Firms navigate global jurisdictions to find the most advantageous regulatory environment for their business model. This trend has evolved from traditional financial centers like London and New York to emerging European hubs such as Cyprus and…
EUR/USD: Midpoint of the ‘Dull Period’ ● n the next part of the review, we will discuss how one crypto analyst used the term “dull period” in relation to the BTC/USD chart. The EUR/USD chart looks even more uneventful. While from 20 August until today, the pair fluctuated within the 1.1000-1.1200 range, last week it…
Market Analysis: GBPJPY Maintains Ongoing Bullish Momentum The GBPJPY currency pair has sustained a strong bullish trend since early August 2024, signaling a robust uptrend in the long-term outlook. On the daily timeframe, the price has consistently respected the ascending trendline support, confirming the continuation of bullish momentum. GBPJPY Significant Zones Resistance Levels: 197.750, 205.600…
The USDCAD market has resisted further downward retracement at the support level of 1.3400. Although the session remains under pressure, the market has staged a notable comeback, driven by improving fundamentals on the US dollar side, as seen in the DXY data. Key Price Levels:Resistance Levels: 1.3500, 1.3600, 1.3700Support Levels: 1.3400, 1.3300, 1.3200 USDCAD Appears…
The EUR hasn’t been performing well on the fundamental front at the moment. Yet, the price action of the EUR/JPY market can be seen holding support above a key level. The ongoing session is currently taking place above a critical mark on the technical indicator, suggesting that price action may continue upward. Key Price Levels: Resistance…
– According to Bloomberg, the correlation between the cryptocurrency market and the US stock market has reached near-record levels. This occurred following the Federal Reserve’s decision to lower the key interest rate at its meeting on 17-18 September. The 40-day correlation coefficient between the 100 largest cryptocurrencies and the S&P 500 index stands at approximately…
Hello everyone, thank you for visiting and supporting my product. In this post, I will present in detail everything about EA Breakout Top and Bot MT5, aiming to help you understand how the EA works, so you can use it most effectively. 1. Order Entry Principle General principle of EA’s order entry: The EA will enter…
The US dollar maintains a bearish outlook, which continues to create a tailwind in the GBPUSD market. Currently, the market is trading above a previous resistance level of 1.3262. Additionally, it appears that price activity may gain more upward momentum on the fundamental front. Key Price Levels:Resistance Levels: 1.3400, 1.3450, 1.3500Support Levels: 1.3200, 1.3150, 1.3100…
The new trading week is underway, and the pessimism surrounding the greenback still leaves a noticeable mark on it. This has put AUD/USD bulls in the lead early in this week’s trading activity. The Aussie seems to be more active on the fundamental front and, as such, may provide more clues. Key Price Levels:Resistance Levels:…
Market Analysis: The Bearish Retracement in NZDUSD has Concluded The NZDUSD currency pair has experienced a significant breakout following an extended period of consolidation that lasted from mid-February to late August 2024. This consolidation phase was characterized by a relatively tight range, with the price confined below a crucial resistance level at 0.62120. However, as…