If you’re trading Japanese Yen (JPY) pairs, understanding key support and resistance levels is critical. The IQ FX Gann Levels v1.3 indicator offers traders a powerful tool to identify these levels and predict market moves with precision. In this short blog post, we’ll take a closer look at how the Gann Levels Indicator has accurately…
Forex Wisdom Forex Tips for every Trader Any market, be it real estate market or forex market, is all about transferring money from the masses to a few lucky ones in the long run. In most real property speculation cases, the masses make money ,a lot of money, but the money stays as paper…
EUR/USD: Europe Turns Red, US Turns Green ● The most active day of the past week was Thursday, 24 October, when market participants faced a barrage of data on business activity (PMI) across various sectors of the European Union, the Eurozone as a whole, and the United States. According to S&P Global, business activity in…
The currency pair still trades in a bullish market zone.Sellers may drop the price below the $136.57 support value. USDJPY Weekly Price Analysis – October 25 Currently, the USDJPY remains positive. However, the Yen price may likely collapse and drop below the $139.57 support value if the bears could add more aggression to their selling…
The Japanese Yen edges lower following the release of Tokyo consumer inflation figures. The USD stalls the overnight slide from a multi-month top and lends support to USD/JPY. Traders remain on the sidelines amid the uncertainty ahead of Japan’s general election. The Japanese Yen (JPY) struggles to capitalize on the previous day’s recovery move against…
Embrace the Retrace As those who have followed my thinking know, I believe trading is common sense. When you think of trading this way you can make sense of what many take as blind faith and learn how our logic takes advantage of retracements to trade. This is why I say embrace the…
– Ripple co-founder Chris Larsen announced that he had donated $10 million in XRP to Democratic presidential candidate Kamala Harris. This is not his first donation to the vice president’s campaign. On August 1, he contributed $1 million to her fund, which was one of the earliest cryptocurrency donations supporting Harris’ candidacy at the time….
How Does a Currency Options Defense Affect the Spot FX Market? While many new forex traders think of options as binaries, traditional currency options are the ones that have an influence on the spot fx market. Currently, EURUSD 1.08 a potential options strike level, has come under attack but so far the price…
The One Word That Makes Markets Move Part 2 I asked a question of our readers in Part 1 of The One Word That Makes Markets Move. The question was what word? The answer was “failure.” A higher low is formed by a failure to break the prior low. A lower high is formed…
Weekly FX Chart Outlook – October 21-25 Weekly FX Chart Analysis The upcoming week has a light economic calendar, especially from the US in a forex market that seems to need news to create volatility. Arguing for consolidation, at least to start the week, is a light economic calendar and that there are no…