Common Sense Tips for The Average Trader They say a trader learns more from losing than winning but hopefully it is not to the extent that it wipes out one’s account. I was asked the following question by a Global-View Trading Club member (posted with permission)): I am long EURUSD above 1.10 and…
USDCHF Sellers Seek Bearish Extension USDCHF buyers encounter resistance during the accumulation phase, with the price consolidating below the 0.85580 level as they struggle to gain momentum. The pair saw a significant decline from the 0.84140 support, breaking away from a prolonged consolidation period. USDCHF Key Levels Resistance Levels: 0.85580, 0.86100 Support Levels: 0.84140, 0.83500…
USDCHF Remains in a Consolidation Phase The USDCHF market continues its quiet phase as the price consolidates. Both buyers and sellers appear hesitant, with neither side gaining significant momentum. The sellers have been unable to break through the 0.84140 support zone, while the buyers have struggled to push the price beyond the 0.85500 resistance level….
USDCHF Remains in a Consolidation Phase The USDCHF pair continues its quiet phase, with the price consolidating as neither buyers nor sellers gain significant momentum. Sellers have been unable to break through the 0.84140 support zone, while buyers have struggled to push past the 0.85500 resistance level. Over the past month, no strong price movement…
Forex Trading: A Constant Search for Equilibrium – Forex Forum September 26, 2024 /Posted byGVI Forex / 585 / Source link
Fundamental Overview The US Dollar came under renewed pressure recently following the surprisingly weak US consumer confidence report on Tuesday. The labour market data in the report softened a lot and it generally leads the unemployment rate. The market responded by raising the probabilities for the Fed to cut by 50 bps in November to…
What is Forex? – Forex Forum September 25, 2024 /Posted byGVI Forex / 164 / Source link
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Forex Trading Glossary – T Tasuki Gap – Upside and Downside(Candlestick Continuation Pattern) In a bearish Tasuki Gap the market develops in a downtrend in which two long black days develop in succession. The second long black day gaps below the first on the open. These are then followed by a white day…
Will the Fed Cut Rates by 25 or 50 bps.? – Forex Forum September 16, 2024 /Posted byGVI Forex / 467 / Source link