A bear market signifies a period where stock prices fall by at least 20 percent from recent highs, indicating widespread pessimism and negative investor sentiment. Understanding the dynamics of a bear market is crucial for any investor aiming to navigate through these challenging economic waters. In this comprehensive guide, we will delve into effective bear…
EURUSD Analysis – Buyers Plan to Take Over EURUSD loses buy string down to 1.07250 significant level. The market has experienced a significant downturn, posing a threat to buyers. This indicates a weakening euro compared to the US dollar. Despite attempts by buyers to push the price above 1.09800, the sellers have exerted pressure, leading…
Global-view Trading Club Challenge As of this month , Global View is starting it’s Club dedicated to all traders : Newbie’s, Seasoned Veterans , Surfers, Hobbyists , Amateurs or Full time Professionals … To celebrate it’s birth, we are offering our first of many Trading Club Challenges. This challenge is for true daily traders!…
The GBPUSD market has managed to maintain its minimal upward correction. The current session has seen a considerable degree of cautiousness following the upward rebound off the support at the 1.2700 mark. Despite the minimal upside movement so far in today’s trading endeavor, this market seems to position itself to catch more tailwinds. Key Price…
The US dollar seems to have caught up with the Australian dollar, causing the AUDUSD to print significant losses. The market tumbled downward at the opening of the Forex market today. It appears that the Queen’s birthday has paused upside progress in the AUD, while the improving mood of the US dollar has gained momentum….
Cup & Handle chart pattern is the most reliable in technical analysis. Its shape resembles a cup with a handle on the right side. 20+ years of trading research show that the cup and handle pattern has a 95% success rate. The cup and handle is reliable and accurate but can be difficult to identify. With our…
Market Analysis – EURCHF Sell Strength Slows Down The EURCHF pair has experienced a significant shift in momentum in recent times. After a bullish run in the first quarter of this month, the market witnessed a breakthrough below the key level of 0.97360. This breakthrough has led to a decline in bearish momentum, indicating a…
EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders…
USDCAD has managed to print some gains during today’s session. Technical indicators had previously hinted that price action might rebound upwards. However, the arrival of the ISM Service PMI has aided the pair in achieving this upside correction. Key Price Levels:Resistance Levels: 1.3700, 1.3800, and 1.3900Support Levels: 1.3600, 1.3500, and 1.3400 USDCAD Bulls Leap Upward…
GBPJPY explores the consolidation phase amid quiet economic data. The current status of the GBPJPY currency pair involves a period of consolidation near the 200.00 market level. At the moment, market participants brace for a week with minimal economic data releases. This phase of consolidation offers an opportunity to delve into the various factors that…